QFC 0018/2021, [2023] QIC (A) 4

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

This case involved project finance sought by a subcontractor in construction project from a bank but the bank in the end refused to provide. Issues included whether the bank had made an offer to the sub-contract which meant it was bound or if liability rested with another party under a share agreement because of the joint venture stucture put in place. Also considered was the choice of laws, and calculation of compensation, especially as interest had not been claimed. Points were also made on the use of evidence not put before the court of first instance at the appeal.

Background