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Judgments

Qatar Financial Centre Regulatory Authority v Patrick Baeriswyl

Court of First Instance
CTFIC0062/2023
Neutral Citation
[2024] QIC (F) 9
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 on February 28, 2024, ordering Patrick Baeriswyl to pay a QAR 728,000 financial penalty to the Qatar Financial Centre Regulatory Authority, along with 5% interest from November 18, 2022, and reasonable costs. The penalty arose from Baeriswyl's contravention of regulatory requirements while at Horizon Crescent Wealth LLC, which is now under liquidation. Baeriswyl's appeal against the penalty was dismissed, and he failed to oppose the subsequent debt application and summary judgment, leading to the court's order for payment.

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Judges

  • George Arestis

    Cyprus

  • Fritz Brand

    South Africa

  • Yongjian Zhang

    China

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