QFC 006, 007/2019

(1) Ileana Mercedes D'Lacoste Agudelo, (2) Eniluz Jhoana Gonzalez Aponte v (1) Horizon Crescent Wealth LLC, (2) Patrick Baeriswyl, (3) Jean Marc Mantegani and Qatar Financial Centre Regulatory Authority

This case involved claimed breaches by a former trustee which had not transferred money to a new trustee because there had been a freezing order put on their accounts because of a suspicion of money laundering. There were also claims of breach of duty by the directors of the trustee company. The case also looked at disclosure requirements against the regulator and the trustee company, as well as counterclaims by the company and its directors, and if summary judgment was appropriate.

Background