QFC 0018/2021, [2021] QIC (F) 27

Daruna For Real Estate Brokerage Co. LLC and Sheikh Nasser bin Abdulrahman bin Nasser Al Thani v Qatar First Bank LLC

The original dispute involved a claimed agreement from a QFC based banking institution to provide finance for a construction project which it failed to do and led to the project being cancelled and losses to the construction company. A key issue included was whether the court had jurisdiction as the QFC based entity claimed they were merely shareholders in one of the companies set up to manage the project.

Background