QFC QFC Case No. 002/2017

Re QIC International LLC

Order

Having accepted jurisdiction in this matter and having considered:

(i) The Application, dated 12 April 2017, filed by the Applicant requesting an Order from the Court, pursuant to Article 100 of the FSR to sanction a Relevant Scheme (namely the transfer of the Applicant's insurance business in Malta to Qatar Insurance Company);

(ii) A copy of the required Scheme Report, dated 22 May 2017; and

(iii) Additional information, filed by the Applicant on 11 June 2017, in support of the Application,

the Court is satisfied that:

(i) the requirements stipulated in Article 100(1) and 100(2) of the FSR have been met.

and so the Court orders that, in all the circumstances of the case, it is appropriate to sanction the Relevant Scheme in accordance with Article 100(3) of the FSR.

Legislation referred to in judgment

Part 16 of the QFC Financial Services Regulations (FSR)), Articles 95, 96, 100