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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) 23
Date
28 May 2024
Status
Keywords
Judges
Fritz Brand
Ali Malek KC
Yongjian Zhang
Summary
In a judgment dated 28 May 2024, the Qatar Financial Centre Civil and Commercial Court ordered the Claimant, Amberberg Limited, to provide security for costs in the amount of £144,000 to the Second and Third Defendants. The court ruled that the Claimant must make three staged payments, and the costs of the application are to be paid by the Claimant. The court found that it had jurisdiction to order security for costs under its general case management powers, despite the Claimant's objections. The background involved long-running litigation regarding the Claimant’s acquisition of shares in Prime Financial Solutions LLC.
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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