Qatar Investment and Projects Development Holing Co & Anor v Phoenix Ancient Art S.A. & Ors

Qatar Investment and Projects Development Holing Co & Anor v Phoenix Ancient Art S.A. & Ors

Security for costs is justified as conditions of residence abroad, inability to pay, and asset dissipation are satisfied. The quantum is limited to £70,000 as proportionate to costs of responding to the appeal, excluding costs of respondent’s notice.

Parties
Applicant/respondent to Appeal: Qatar Investment and Projects Development Holding Co; Applicant/respondent to Appeal: His Highness Sheikh Bin Abdullah Al Thani; Respondent/appellant: Phoenix Ancient Art S. A.; Respondent/appellant: Ali Aboutaam; Respondent/appellant: Hicham Aboutaam
Jurisdiction
England and Wales
Judgment Date
13 October 2025
Procedural Posture
Application for Security for Costs on Appeal / Court of Appeal Judgment
Outcome
Application for security for costs allowed in part
Legal Topics
Security for Costs, Summary Judgment, Enforcement of Costs Orders, Disclosure of Assets
Civil Procedure Commercial Law Security for Costs Summary Judgment Enforcement of Costs Orders Disclosure of Assets

Case Brief

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Parties

Qatar Investment and Projects Development Holding Co

Applicant/respondent to Appeal

His Highness Sheikh Bin Abdullah Al Thani

Applicant/respondent to Appeal

Phoenix Ancient Art S. A.

Respondent/appellant

Ali Aboutaam

Respondent/appellant

Hicham Aboutaam

Respondent/appellant

Procedural Posture

Application for Security for Costs on Appeal / Court of Appeal Judgment

Legal Issues

  1. 1 Whether security for costs should be ordered against appellants on appeal
  2. 2 Whether conditions under CPR 25.27(b) are satisfied
  3. 3 Quantum of security for costs

Ratio Decidendi

Security for costs is justified as conditions of residence abroad, inability to pay, and asset dissipation are satisfied. The quantum is limited to £70,000 as proportionate to costs of responding to the appeal, excluding costs of respondent’s notice.

Court Disposition

Application for security for costs allowed in part

Orders

  • Appellants to provide security for costs in the sum of £70,000