QFC 0019/2023, [2024] QIC (F) 52

Qatar Financial Centre Regulatory Authority and Qatar Financial Center Authority v Horizon Crescent Wealth LLC, and Mohammed Al-Emadi

This case involved a request by a liquidator for court directions in an insolvency where there were purported trusts and a question of whether the money in them was a company asset. The company in liquidation had been found guilty of money laundering. Other issues included the approach taken to decisions on an employee's status as a creditor and if the liquidator should receive money from the trusts for their remunerations.

Background