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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) 21
Date
21 May 2024
Status
Judges
Fritz Brand
Ali Malek KC
Yongjian Zhang
Summary
The Qatar Financial Centre's Civil and Commercial Court dismissed Amberberg Limited's disclosure applications against Prime Financial Solutions LLC (First Defendant) and International Business Development Group WLL (Seventh Defendant) as wholly without merit. Amberberg, a British Virgin Islands company, claimed losses due to alleged regulatory breaches by the First Defendant and sought related documents from both defendants. The court found no relevance in the requested professional indemnity insurance documents and deemed the existence of a "letter of comfort" highly improbable. Consequently, Amberberg must pay the application costs on an indemnity basis.
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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