QFC 0033/2024, [2025] QIC (F) 16
Ali Al Maadeed v Nexus Financial Services WLL
Type
Case
Court
Qatar Financial Centre - Court of First Instance
Jurisdiction
Qatar Financial Centre
Taxonomy
General Tort, Agency, Breach, Discharge & Rescission of Contract, Remedies, Financial Services & Activities, Agents & Brokers, Regulation & Offences, Termination of Employment, Data Protection
Decision date
4 Mar 2025
Catchwords
Breach of Contract - Financial Services - Insurance Broker - Broker Change of Employer- Damages - Investment Contract - Terminated - Failure to give best advice
This case involved a claim for lost profit, failure to provide appropriate financial services advice and breach of privacy after an insurance investment policy was terminated when the original broker changed employers. The broker's original employer had then been unable to obtain information about the investment and the claimant client had refused to do so. Key issues included that loss could not be proven as there was no information about the current status of the investment or the circumstances of the transfer which only the client could obtain.