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Through its supervisory arbitrational jurisdiction under Law No 2 of 2017 issuing the Arbitration Law in Civil and Commercial Matters, parties can elect the QICDRC as the “Competent Court” of arbitration to perform various functions in relation to interim measures, enforcement of awards and appeals.
Rudolfs Veiss v Prime Financial Solutions LLC
CTFIC0035/2022
Neutral Citation
[2023] QIC (F) 8
Date
02 April 2023
Status
Judges
Lord Hamilton
Fritz Brand
Helen Mountfield KC
Summary
In a judgment dated April 2, 2023, the Qatar International Court ruled in favor of claimant Rudolfs Veiss, a former employee and director of Prime Financial Solutions LLC. The court upheld his claim for indemnity on costs incurred in criminal proceedings, ordering the defendant to pay QAR 152,616.80 within 14 days. Claims related to costs from proceedings before the Qatar Financial Centre Regulatory Authority and an appeal are stayed pending the appeal's outcome. Amberberg Limited may recover reasonable costs from the defendant for opposing an intervention application. The court based its decision on the defendant's articles of association and relevant QFC regulations.
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Lord Hamilton
Scotland
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Fritz Brand
South Africa
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Helen Mountfield KC
England
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