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Qatar Financial Centre Regulatory Authority and Qatar Financial Center Authority v Horizon Crescent Wealth LLC, and Mohammed Al-Emadi

Appellate Division
CTFIC0019/2023
Neutral Citation
[2025] QIC (A) 4
Date
19 March 2025
Status
Keywords
Appellate Division
Financial services
Liquidation
Trusts
Creditors
Permission to Appeal
Judges
The Rt. Hon. The Lord Thomas of Cwmgiedd
Chelva Rajah SC
Fritz Brand
Summary

The Qatar Financial Centre Civil and Commercial Court's Appellate Division adjourned applications for permission to appeal a judgment and order concerning the use of funds claimed to be trust property for liquidation expenses. The court emphasized that the First Instance Circuit must first hear arguments and make determinations on the liquidator's entitlement to use these funds and the applicability of the Berkeley Applegate principle. Applications related to interim use of funds should also be directed to the First Instance Circuit. All other appeal applications were dismissed.

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Judges

  • The Rt. Hon. The Lord Thomas of Cwmgiedd

    Wales

  • Chelva Rajah SC

    Singapore

  • Fritz Brand

    South Africa

Judgment Content

Appellate History

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