QFC 002/2019 issued on 29/7/2020, [2020] QIC (C) 2
Qatar Financial Centre Regulatory Authority v First Abu Dhabi Bank P.J.S.C
This case involved costs where a appeal of regulatory note went to court. The respondent had not engaged with the process.
Background
The background relating to this case was set out in the judgment of the First Instance Circuit of the Court reported at [2018] QIC (F) 12 and the judgment of the Appellate Division reported at [2019] QIC (A) 3. The First Instance Circuit of the Court granted an application filed by the Applicant and ordered the Respondent, among other things, to comply forthwith with a Regulatory Notice dated 19 March 2019. The Appellate Division of the Court granted the Respondent permission to appeal but dismissed the substantive appeals. It gave the Respondent a limited opportunity to apply to the First Instance Circuit in relation to certain specified aspects of the Regulatory Notice. The Respondent did not do so.