QFCRT 002/2019, [2020] QIC (C) 1
Horizon Crescent Wealth LLC v Qatar Financial Centre Regulatory Authority
This case involved the unusual circumstance of a cost award in a tribunal case where one of the parties had failed to follow case management instructions.
Background
Ordinarily, proceedings before the Regulatory Tribunal would not result in the awarding costs, irrespective of whether the appeal was successful. This case was unlike the position before the Court where the normal rule was that the unsuccessful party to litigation would bears the costs of the successful party. However, Article 24.1 of the Regulations and Procedural Rules of the Tribunal permitted the Tribunal to make an award of costs ‘if it considered that justice so required..
This case was such a case. In the decision Decision, dated 9 March 2020 and reported at [2020] QIC (RT) 1, the Tribunal ordered the Appellant to pay one half of the Respondent's costs in this appeal. This was because of the Appellant's non-compliance with Directions of the Tribunal.