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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 (C) 6
Date
09 October 2023
Status
Keywords
Before
Umar Azmeh
Summary
In a judgment by the Qatar Financial Centre Civil and Commercial Court on 9 October 2023, Prime Financial Solutions LLC (Defendant) was ordered to pay QAR 67,767 to Rudolfs Veiss (Claimant) within 14 days. The court had previously ruled in favor of Veiss for indemnification of fees incurred in defending criminal proceedings, with an additional payment of QAR 152,616.80. Costs assessment was guided by proportionality and reasonableness, with submissions from both parties reviewed. The Defendant contested the claimed costs, arguing they were unreasonable and disproportionate.
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