Thomas Williams KC, leading Oliver McEntee of Kings Chambers (Manchester), successfully appeared for the Claimant in the Qatar International Court in the first contested unfair prejudice claim: Tamam Capital for Commercial Mediation LLC v (1) Growth Investment Holding LLC and (2) Hamad Mubarak Al Hajri [2026] QIC (F) 56.
The claim was brought under Article 134 of the Qatar Financial Centre Companies Regulations 2005, which is the equivalent of s.994 of the Companies Act 2006. The Claimant was a minority shareholder in the First Defendant, of which the Second Defendant was the sole director. The Claimant’s shareholding was purchased by the Second Defendant to enable him to facilitate an acquisition by a third party. The nub of the claim was that the sale was forced upon the Claimant by the Second Defendant under extreme time pressure and a threatened liquidation of the First Defendant, in circumstances where no sufficient information had been provided to enable the Claimant to determine whether the price offered for its shareholding was fair. The Court applied the English law principles, found unfair prejudice, and made an order requiring the Second Defendant to purchase the Claimant’s shares at a fair value to be determined by a court-appointed accountant. The judgment is particularly helpful in its articulation of the disclosure obligations of a director where he enters into a self-interested transaction.
Thomas Williams KC and Oliver McEntee were instructed by International Law Chambers LLC (Doha).
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