The Qatar International Court and Dispute Resolution Centre (QICDRC) has issued its firs judgment, in case No. 6 of 2016. The Court of First Instance presided by Justices Robertson, Al Sayed and Kirkham, had found in favour of the claimant and ordered the defendant to pay QR2.752m plus the claimant’s reasonable legal costs, which were to be assessed by the Registrar.
The defendant failed to comply and the Court presided by Justice Rashid Al Badr directed the Qatar Central Bank to freeze accounts held in Qatar by the defendant up to the value of the judgment debt.
'Judgement is reassuring'
This case reinforces the confidence of both the local and international communities in the QICDRC, the Qatar Financial Centre (QFC)’s legal arm. Faisal Al Sahouti, QICDRC Chief Executive Officer, said: “This judgment acts as a reassurance for people doing business in Qatar and the region and is an important development that reiterates QFC’s strong and transparent legal environment.”
The QICDRC comprises a world-class Civil and Commercial Court and Regulatory Tribunal, each of which specialises in the resolution of civil and commercial disputes and regulatory appeals, applying international best practices.
Led by the President of the Court, The Rt. Hon Lord Phillips of Worth Matravers, the judges of the Court are renowned for their independence, impartiality, integrity and propriety. The judges hail from a variety of jurisdictions including Qatar, the UK, Germany, New Zealand, Singapore and Cyprus, making the Court a truly international one.
