QFC QFC Case No. 002/2014
Qatar Financial Centre Regulatory Authority v Recardo
Type
Case
Court
Qatar Financial Centre - Qatar Financial Centre, Civil and Commercial Court, First Instance Circuit
Jurisdiction
Qatar Financial Centre
Taxonomy
Regulation & Offences, General Banking & Finance Law
Copyright
LexisNexis
Decision date
3 Mar 2015
Hearing/Judgment date
3 March 2015
Panel
Rajah, Al-Sayed and Kirkham JJ
Catchwords
Financial Services – Regulation – Financial penalty – Claimant regulator finding defendant being in breach of regulations – Claimant imposing financial penalty – Defendant failing to make payment – Claimant stating inability to pay penalty by deadline – Claimant issuing proceedings seeking recovery of outstanding penalty – Defendant failing to serve defence – Claimant applying for summary judgment – Defendant failing to respond to application – Whether court should grant summary judgment on claim