QFC 0007/2020 issued on 28/12/2020, [2020] QIC (F) 19
Bank Audi Company LLC v Classical Palace Trading & Decoration
Type
Case
Court
Qatar Financial Centre - Court of First Instance
Jurisdiction
Qatar Financial Centre
Taxonomy
Payment & Payment Systems, Breach, Discharge & Rescission of Contract, Litigation Procedure & Practice, Remedies, Lending & Security
Decision date
28 Dec 2020
Panel
Justice Arthur Hamilton, Justice Fritz Brand, Justice Ali Malek QC
Catchwords
Credit Facility Agreement - Default - Instalment - Bounced Cheque - Compensation - Interest - Administrative Fees - Summary Judgment
This case involved a request for a summary judgment on default on a loan agreement. Issues included interest due, compensation and administrative fees.
Background
The Claimant was an entity established in the QFC where they provided credit facilities. The Defendant was a body registered with the Register of Commerce in Doha, Qatar.