QFC 3/2020 ([2020] QIC (F) 4)
Nasco Qatar LLC v MISR Insurance (Qatar Branch)
Type
Case
Court
Qatar Financial Centre
Jurisdiction
Qatar Financial Centre, Qatar
Taxonomy
Breach, Discharge & Rescission of Contract, Agents & Brokers, Financial Services & Activities, Jurisdiction & Choice of Law
Decision date
10 May 2020
Panel
Justice Bruce Robertson, Justice Arthur Hamilton, Justice Rashid Al Anezi
Catchwords
Insurance Company - Broker - Commission - Regulation - Location - Jurisdiction
The original dispute involved commission owed to an insurance broker by an insurance company. A key issue was whether the QFC or Qatar courts had jurisdiction as the broker stated they were licensed and regulated in the QFC but the insurance company was not. An important point was whether the broker had alwaye been located in the QFC.
Background
The Claimant, an insurance broker, sued the Defendant, an insurance company, for unpaid brokerage commission allegedly due under a contractual arrangement between them. The Defendant responded by challenging the jurisdiction of this Court.