Search

Judgments

Qatar Financial Centre Regulatory Authority v Luis Pablo De Laplana Moraes

Court of First Instance
CTFIC0063/2023
Neutral Citation
[2024] QIC (F) 10
Date
28 February 2024
Status
Keywords
First Instance Circuit
Debt
Judges
George Arestis
Fritz Brand
Yongjian Zhang
Summary

In a judgment dated 28 February 2024, the Qatar Financial Centre Civil and Commercial Court ordered Luis Pablo de Laplana Moraes to pay a financial penalty of QAR 546,182 and interest at 5% per annum from 30 December 2022 to the Qatar Financial Centre Regulatory Authority (QFCRA). The court also mandated the defendant to cover the claimant's reasonable legal costs. The penalty was imposed due to the defendant's contravention of financial regulations while serving as an investment manager. The judgment followed the defendant's failure to oppose the debt application or respond to the summary judgment application.

Download Arabic
Download English

Judges

  • George Arestis

    Cyprus

  • Fritz Brand

    South Africa

  • Yongjian Zhang

    China

Judgment Content

Services

  • Decorative Pattern
    Judgments
    Judgments

    The Court administers swift, fair, cost-effective and enforceable judgements in line with global best practice, delivered by a distinguished panel of local and international judges.

  • Decorative Pattern
    Upcoming Hearings
    Upcoming Hearings

  • Decorative Pattern
    Courts
    Courts

    The Court’s independent judiciary is comprised of a civil and commercial court and a Regulatory Tribunal that specialises in regulatory appeals.

  • Decorative Pattern
    Mediation
    Mediation

    The Court offers mediation services to individuals, businesses, and others, whether located in Qatar or abroad. This is a voluntary process involving an independent third party (‘the mediator’) who helps the parties reach an amicable settlement in respect to their dispute.

  • Decorative Pattern
    Arbitration
    Arbitration

    Through its supervisory arbitrational jurisdiction under Law No 2 of 2017 issuing the Arbitration Law in Civil and Commercial Matters, parties can elect the QICDRC as the “Competent Court” of arbitration to perform various functions in relation to interim measures, enforcement of awards and appeals.

  • Decorative Pattern
    eCourt
    eCourt

    eCourt, QICDRC’s innovative electronic case management system, offers globally-accessible virtual hearing capabilities and live-streaming services.

Decorative Pattern

Useful Links

© 2024 All rights reserved.

Accessibility Tools

More info about Ask QICDRC
Start a new conversation

Ask QICDRC

Send
Close
Disclaimer

The responses provided by Ask QICDRC are AI-generated. Those who require questions as to specific legal rules or procedures before the QFC Civil and Commercial Court or the QFC Regulatory Tribunal must carefully read the relevant regulations/laws and, where there is any doubt, should contact a member of the Registry by telephone or email.

Are you sure to start a new conversation?

Cannot connect to Chat API, Please try again...