QFC 001/2010
Tamir E Omara v Al Mal Bank LLC (In Liquidation)-Costs hearing
Type
Case
Court
Qatar Financial Centre - Qatar Financial Centre, Civil and Commercial Court
Jurisdiction
Qatar Financial Centre
Taxonomy
Liquidation, Litigation Procedure & Practice
Copyright
LexisNexis
Decision date
1 Jun 2009
Hearing/Judgment date
9 January 2011
Panel
Justice Dohmann, Justice Lord Cullen, Justice Sackville
Catchwords
Company – Compulsory winding up – Just and equitable – Application by Qatar Financial Centre Authority – Company unable to pay debts – Relations between directors irretrievably breaking down – Company incapable of carrying out objectives of incorporation – Proper approach of court to application – Proper construction of Qatari insolvency law – Whether company should be wound up – Article 3 of QFC Law No. 7/2005 – Article 77(4) of QFC Regulation No. 5/2005), Article 80 of QFC Regulation No. 5/2005 (Insolvency Regulations)
9 January 2011
Mr Andrew Lowe; Mr Sami Abu Shaikha for the applicant.
Ms Chadia El Meouchi, Mr Michael El Meouchi, Mr Charbel Abou Charaf for the respondent.
In the name of His Highness Sheikh Hamad bin Khalifa AI -Thani. Emir of the State of Qatar
Justice Dohmann, Justice Lord Cullen, Justice Sackville
On 9 December 2010 the Court ruled as to the costs incurred by Mr Tamir Omara in relation to his wrongful dismissal and bonus payment claims.