QFCRT 0001, 0002/2020
Siham Boulbadaoui v Qatar Financial Centre Authority, Samia Boulbadaoui v Qatar Financial Centre Authority
This case was an appeal of a regulatory decision and penalty raised against two sisters who were the director and administrator for a company with a US parent company. Personal penalties had been issued against them due to a failure to participate in a corporate investigation. They stated they were no longer employees of the company. Key issues included whether notification procedures had been correctly followed and the appeal deadline in each case.
Background
These cases were appeals by Ms Siham Boulbadaoui and Ms Samia Boulbadaoui against Decision Notices dated 11 September 2019 issued by the Qatar Financial Centre Authority (QFCA) by which the QFCA imposed a financial penalty on them of US$48,000 and US$9,000 respectively. The appellants were represented on a pro bono basis by Omani & Partners Law Firm LLP. The QFCA represented itself.
The Decision Notice in respect of Ms Siham Boulbadaoui was issued in respect of alleged contraventions of her duties on a company called Encryptics Data