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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.
Amberberg Limited vs Prime Financial Solutions LLC and others
CTFIC0071/2023
Neutral Citation
[2024] QIC (F) 39
Date
01 September 2024
Status
Judges
Fritz Brand
Ali Malek KC
Yongjian Zhang
Summary
The Qatar Financial Centre Civil and Commercial Court struck out Amberberg Limited's claims against the 2nd and 3rd defendants due to non-compliance with a security order requiring GBP 144,000 payment. The court also ordered Amberberg to cover the defendants' costs. Amberberg's application to stay the case or delay payments was denied, as was their opposition to the security order. The court found no change in circumstances to justify revisiting the order, and Amberberg's financial incapacity to pay was deemed insufficient for exemption. Further directions on additional party joinder and cost liability were deferred.
Judges
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Fritz Brand
South Africa
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Ali Malek KC
England
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Yongjian Zhang
China
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