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Qatar Financial Centre Regulatory Authority v Jean-Marc Mantegani

Court of First Instance
CTFIC0060/2023
Neutral Citation
[2024] QIC (F) 7
Date
28 February 2024
Status
Keywords
First Instance Circuit
Debt
Judges
George Arestis
Fritz Brand
Yongjian Zhang
Summary

The Qatar Financial Centre Civil and Commercial Court issued a judgment ordering Jean-Marc Mantegani, a former senior manager at Horizon Crescent Wealth LLC, to pay a financial penalty of QAR 1,092,606 plus 5% annual interest to the Qatar Financial Centre Regulatory Authority. Mantegani had been found in violation of regulatory requirements and his appeal was dismissed. Failing to pay the penalty, the Regulatory Authority filed a debt application which Mantegani did not contest. The court concluded he had no prospect of successfully opposing the claim, thus granting the summary judgment in favor of the Regulatory Authority.

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Judges

  • George Arestis

    Cyprus

  • Fritz Brand

    South Africa

  • Yongjian Zhang

    China

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