Qatar Central Bank circulated last Sunday an Enforcement Order, issued by the Enforcement Judge of the Qatar International Court against a non-QFC registered company operating within the State of Qatar, directing all banks in Qatar to comply with the Enforcement Order.
The Enforcement Order directed all banks and relevant financial institutions within the State of Qatar to comply forthwith; freezing the relevant sums and transferring the same to the Qatar International Court’s Enforcement Account for the benefit of the judgment creditor.
The Enforcement Order comes after the First Instance Circuit of the Qatar International Court found the Defendant, a local company registered outside the QFC, liable to the Claimant in relation to unpaid insurance premiums.
The case commenced when the Claimant, a QFC registered company, brought a claim before the Court in 2017, alleging that the Defendant had failed to pay premiums owed to the Claimant pursuant to the terms of a health insurance policy, thereby breaching the provisions of the agreement signed by the two parties.
After a number of failed attempts to claim its contractual entitlements from the Defendant, the Claimant resorted to the Court, requesting the Court to find the Defendant liable to pay the unpaid premiums which were in the region of QR223,000.
Following an Application for Summary Judgment, the Court found that the Defendant had failed to make the required payments, pursuant to the terms of the relevant policy, and ordered it to pay the relevant sums to the Claimant forthwith.
