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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
[2025] QIC (F) 25
Date
04 June 2025
Status
Judges
Fritz Brand
Summary
In a ruling by Justice Fritz Brand in the Qatar Financial Centre Civil and Commercial Court on June 4, 2025, Amberberg Limited's application to amend its Statement of Claim was granted without costs. Prime Financial Solutions LLC, the first defendant, was ordered to pay Amberberg QAR 1,561,205, QAR 493,418, and QAR 361,188, along with costs to be determined by the Registrar. Amberberg's claims against the fourth and seventh defendants were discontinued without costs. The case, originating from misrepresentations by Prime during share purchase negotiations, was ultimately simplified to focus solely on claims against Prime.
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Fritz Brand
South Africa
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