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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
[2026] QIC (C) 3
Date
05 April 2026
Status
Before
Umar Azmeh
Summary
The Qatar Financial Centre Civil and Commercial Court ordered Prime Financial Solutions LLC to pay Rudolfs Veiss QAR 95,925 immediately, with an enhanced interest rate of 7% per annum from the third working day after the judgment date. Veiss, a former director of the Defendant, had incurred costs defending criminal and regulatory proceedings and was previously awarded QAR 783,787.50 and GBP 298,530 in summary judgment. The court assessed costs related to various applications, reducing some claimed amounts but deeming the total reasonable given the Defendant's complete lack of engagement.
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