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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
[2025] QIC (F) 8
Date
16 February 2025
Status
Keywords
Judges
Fritz Brand
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In a ruling by Justice Fritz Brand of the Qatar Financial Centre Civil and Commercial Court, Prime Financial Solutions LLC is ordered to pay Rudolfs Veiss for legal costs incurred. Veiss, a former head of business and director at Prime Financial, sought indemnity for legal fees from defending criminal and regulatory proceedings initiated by the Qatar Financial Centre Regulatory Authority (QFCRA). He was acquitted in criminal court and partially successful in regulatory appeals. The court found no reasonable defense by Prime Financial and upheld Veiss’s claims for legal costs, totaling QAR 783,787.50 and GBP 298,530.00.
Judges
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Fritz Brand
South Africa
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