QFC 0015/2021, [2022] QIC (F) 2

Bank Audi LLC v Al Fardan Investment Company LLC and Others

This case involved a request for a summary judgment against a debtor who had defaulted on a loan and other parties who had guaranteed that debt. Issues included whether the debt could be off set by an investment. Also considered was whether all the parties were joint and severally liable if summary judgment failed against one party it could be applied on the others.

Background