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
Type
Case
Court
Qatar Financial Centre - Court of First Instance
Jurisdiction
Qatar Financial Centre
Taxonomy
Professional Negligence, Trusts & Trustees, Litigation Procedure & Practice, Directors, Civil Evidence, General Tax Law, Regulation & Offences, Financial & Business Offences
Decision date
2 Oct 2019
Catchwords
Disclosure - Regulator - Money Laundering - Summary Judgment - Damages - Directors - Trustee
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.