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Judgments

Qatar Financial Centre Authority v Masha MJ LLC

Court of First Instance
CTFIC0053/2023
Neutral Citation
[2023] QIC (F) 43
Date
01 October 2023
Status
Keywords
First Instance Circuit
QFCA
Regulatory
Debt Recovery
Judges
Dr. Rashid Hamad Al-Anezi
Fritz Brand
Yongjian Zhang
Summary

The Qatar Financial Centre Authority (QFCA) filed a claim against MJ Masha LLC for unpaid annual fees and financial penalties totaling $23,000. The court ruled in favor of QFCA, ordering the defendant to pay the amount with 5% annual interest until payment and to cover reasonable legal costs. The judgment was based on written evidence, as MJ Masha LLC did not contest the claim. The fees and penalties arose from the defendant's failure to pay annual fees for 2020-2022 and to submit required reports, resulting in financial penalties. The decision ensures efficient resolution of small claims.

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Judges

  • Dr. Rashid Hamad Al-Anezi

    Kuwait

  • Fritz Brand

    South Africa

  • Yongjian Zhang

    China

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