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Qatar Financial Centre Regulatory Authority v Robert Sharratt

Court of First Instance
CTFIC0061/2023
Neutral Citation
[2024] QIC (F) 8
Date
28 February 2024
Status
Keywords
First Instance Circuit
Debt
Judges
George Arestis
Fritz Brand
Yongjian Zhang
Summary

In a ruling dated 28 February 2024, the Qatar Financial Centre Civil and Commercial Court ordered Robert Sharratt to pay a financial penalty of QAR 548,121 plus 5% annual interest from 18 November 2022 to the Qatar Financial Centre Regulatory Authority (QFCRA). Sharratt, formerly with Horizon Crescent Wealth LLC, was penalized for regulatory breaches. Despite being notified, he neither appealed the initial decision nor opposed the subsequent summary judgment application. The court concluded Sharratt had no prospect of successfully opposing the claim and awarded the QFCRA the requested relief. Both parties were unrepresented in court.

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Judges

  • George Arestis

    Cyprus

  • Fritz Brand

    South Africa

  • Yongjian Zhang

    China

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