QFC 010/2016
Guardian Wealth Management Qatar LLC (In Liquidation)
Type
Case
Court
Qatar Financial Centre - Qatar Financial Centre, Civil and Commercial Court
Jurisdiction
Qatar Financial Centre
Taxonomy
Companies & Corporate Bodies, Bankruptcy, General Insolvency Law
Copyright
LexisNexis
Decision date
16 Apr 2018
Hearing/Judgment date
16 April 2018
Panel
Robertson, Hamilton, Arestis
Catchwords
Insolvency – Fee adjustments – Liquidators remuneration - Remedies sought – Terms of engagement – Sufficient remuneration – Preferential debt – Preferential creditor
16 April 2018
Signed by: Justice Bruce Robertson
Introduction
1. The Applicant is a licensed Insolvency Practitioner and a partner at Opus Restructuring LLP ("Opus''). On 6 May 2016 the Applicant and a fellow-partner in Opus were appointed as joint liquidators of Guardian Wealth Management Qatar LLC (“the Company") pursuant to a special resolution of that date passed by the Company's members that the Company be wound up voluntarily in accordance with Article 58(2) of the Qatar Financial Centre Insolvency Regulations 2005 (as amended) ("the Regulations”).