QFC 0014/2021, [2024] QIC (A) 4

Amberberg Limited and Prime Financial Solutions LLC v Thomas Fewtrell, Nigel Perera and Louise Kidd

The original dispute involved damages for a breach of warranties in a Sale and Purchase Agreement. This appeal involved the awarding of costs for a jurisdictional challenge, freezing order proceedings and the quantum.

Background

The Applicant sought permission by an application dated 4 January 2024 to appeal from part of the judgment of the First Instance Circuit given on 9 November 2023. Amberberg Limited was a company incorporated in the British Virgin Islands and beneficially owned by Mr Rudolfs Veiss. It purchased from the First, Second and Third Respondents, Thomas Fewtrell, Nigel Perera and Louise Kidd, the share capital of the Second Claimant (then known as International Financial Services Qatar LLC, but subsequently renamed Prime Financial Solutions LLC), a QFC company.