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
Type
Case
Court
Qatar Financial Centre - Court of First Instance
Jurisdiction
Qatar Financial Centre
Taxonomy
Money Laundering, Financial & Business Offences, Employee Rights & Insolvency, General Insolvency Law, Trusts & Trustees
Decision date
17 Nov 2024
Catchwords
Insolvency - Purported Trusts - Money Laundering - Employee - Creditor _ Status
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.