Qatar Foundation Validly Nixed $2.3B Deal, Court Says
Law360 (October 3, 2019, 7:45 PM EDT) -- Qatar Foundation validly terminated a £1.9 billion ($2.35 billion) contract to build a state-of-the-art hospital in Doha, an English judge confirmed Wednesday, removing an obstacle for the nonprofit's damages claim in arbitration seeking hundreds of millions of dollars.
English High Court judge Sue Carr rejected a challenge to the underlying International Chamber of Commerce award, in which the arbitrators had determined that Qatar Foundation's termination of its contract with a joint venture formed by the global infrastructure group Obrascon Huarte Lain SA and the construction firm Contrack (Cyprus) Ltd. had been lawful.
The three companies had partnered in 2009 to construct...
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