QFC QFC Case No. 001/2015
QFC Companies Registration Office v International Legal Consultants LLC
Type
Case
Court
Qatar Financial Centre - Qatar Financial Centre, Civil and Commercial Court, Appellate Division
Jurisdiction
Qatar Financial Centre
Taxonomy
General Company Law & Business Entities
Copyright
LexisNexis
Decision date
22 Mar 2015
Hearing/Judgment date
22 March 2015
Panel
Phillips P, Dohmann and Al-Sayed JJ
Catchwords
Companies – Registration and maintenance of company information – Late filing of documentation –– Financial penalties – Company moving floors of tower block – Company failing to notify change of address to Companies Registration Office (CRO) for seventeen months following move – CRO issuing maximum financial penalty in accordance with CRO Late Filings Penalty Guidance – Company’s appeal being dismissed – Regulatory Tribunal finding CRO applying guidance in mechanical fashion and substituting financial penalty order with penalty at half of maximum – CRO appealing – Whether CRO guidance providing adequate and proportionate approach to determining penalties for late filing