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Judgments

Ibrahim Al Nasr vs Nexus Financial Services WLL

Court of First Instance
CTFIC0032/2024
Neutral Citation
[2025] QIC (F) 15
Date
04 March 2025
Status
Keywords
First Instance Circuit
Financial services
Suitability
Judges
Fritz Brand
Ali Malek KC
Dr. Muna Al-Marzouqi
Summary

In the case of Ibrahim Al-Nasr v Nexus Financial Services WLL, the Claimant sought refunds and compensation for investments made through the Defendant, citing a breach of contract. The court dismissed Al-Nasr's claims and directed him to pay the Defendant's reasonable legal costs. The investment issues and circumstances mirrored those in a related case, Ali Al-Maadeed v Nexus Financial Services WLL. Both Claimants made investments under similar conditions and received identical advice from the Defendant's representative. The court found insufficient direct evidence from the Claimants, leading to their claims' dismissal.

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Judges

  • Fritz Brand

    South Africa

  • Ali Malek KC

    England

  • Dr. Muna Al-Marzouqi

    Qatar

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