QFC 0015/2021, [2022] QIC (F) 2
Bank Audi LLC v Al Fardan Investment Company LLC and Others
Type
Case
Court
Qatar Financial Centre - Court of First Instance
Jurisdiction
Qatar Financial Centre
Taxonomy
Litigation Procedure & Practice, Terms, Banks, Lending & Security, Guarantees
Decision date
16 Jan 2022
Panel
Justice Frances Kirkham, Justice Arthur Hamilton, Justice Fritz Brand
Catchwords
Bank - Debt - Summary Judgment - Guarantors - Set Off - Investment
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.