12 August 2010

In the name of His Highness Sheikh Hamad bin Khalifa Al-Thani, Emir of the State of Qatar

Justice Dohmann, Justice Lord Cullen, Justice Sackville:

JUDGMENT

THE COURT:

• 1. On 8 August 2010, the Court commenced a scheduled five day hearing of applications by the liquidators of the Al Mal Bank (“Bank”). In those applications, the liquidators sought the assistance of the Court, pursuant to Article 95 (1) of the QFC Insolvency Regulations, to hear and determine certain matters arising in the liquidation of the Bank. In substance, these matters related to claims made by Nazim Omara and Taha Babiker (“the applicants”) under what are alleged to be their contracts of employment. Mr Omara was the Chief Executive Officer (“CEO”) of the Bank, Mr Babiker was the Head of Human Resources and Administration.