QFC 0001/2021, [2021] QIC (A) 4
Nasco Qatar LLC v MISR Insurance (Qatar Branch)
Type
Case
Court
Qatar Financial Centre - Court of Appeal
Jurisdiction
Qatar Financial Centre
Taxonomy
Agents & Brokers, Litigation Procedure & Practice, Creation of Contract, Agency, Banks, Relationship Between Banker & Customer
Decision date
3 Mar 2021
Panel
Lord Thomas of Cwmgiedd, President, Justice Frances Kirkham, Justice Fritz Brand
Catchwords
Insurance Agent - Commission - Contract Creation - Continuous Account - Bank Account
This appeal involved commission due to a insurance broker. Issues included whether there was a contract between the parties, if it was illegal to pay this party compensation and if the running account principle used in the bank account context applied.
Background
In a written Application made on 27 January 2021, the Applicant sought permission to appeal from the judgment of the First Instance Circuit given on 29 November 2020, in [2020] QIC (F) 17. The First Instance Circuit ordered the Applicant to pay the Respondent (1) 644, 216.88 Riyals as the balance of commission due, 51,537 Riyals in pre-judgment interest on that sum, (3) interest on 644, 216.88 Riyals from the date of the judgment until payment at the rate of 4% per annum and (4) costs.