QFC QFC Case No. 001/2013 on 16/07/2013
Re Al Mal Bank LLC-on 16/07/2013
Type
Case
Court
Qatar Financial Centre - Qatar Financial Centre, Civil and Commercial Court, First Instance Circuit
Jurisdiction
Qatar Financial Centre
Taxonomy
Companies & Corporate Bodies, Bankruptcy, General Insolvency Law
Copyright
LexisNexis
Decision date
16 Jul 2013
Hearing/Judgment date
16 July 2013
Panel
Cullen, Dohmann and Gibson JJ
Catchwords
Insolvency – Bank – Proof of debt – Respondent former employee of bank – Respondent being fined by QFC Regulatory Authority – Respondent seeking to challenge fine – Respondent obtaining indemnity for legal costs associated with challenge – Respondent’s challenge to fine not succeeding – Respondent seeking to prove legal costs in bank’s insolvency – Liquidators rejecting claim – Liquidators presenting rejection to court – Whether liquidators correct to reject claim