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The Registrar assessed costs in the Horizon Crescent liquidation, reducing claimed amounts and awarding QAR 143,000 each to Ms Gharbi and Mr Delli Compagni, and QAR 5,000 to Mr Rime.
The Court granted recognition under article 163 of the QFC Insolvency Regulations 2005 to the Jersey creditors’ winding up of RTI Limited and its joint liquidators.
The Appellate Division held that Mr El-Emadi’s preferential employee claim in the Horizon Crescent liquidation was capped at QAR 182,000 under article 148(1).
The Appellate Division admitted the trust claims of Ms Gharbi and Mr Compagni, dismissed Mr Sebti’s appeal, and refused appeals by Ms Aponte, Ms Agudelo, and Mr Baeriswyl.
Permission to appeal was adjourned on trust-fund use issues pending the First Instance Circuit’s determination, and refused on all other issues.
The Court gave directions on submitted trust claims in HCW’s liquidation, requiring a hearing, further filings, and proof of funds’ legitimate source.
Directions in HCW liquidation proceedings on trust claims, creditor priority, and the liquidator’s ability to seek reimbursement from trust assets.
The Court dismissed an application to remove the liquidator of Horizon Crescent Wealth LLC, finding no sufficient evidence of misconduct and no basis for interference.
HKA Global Limited v Setta Wa Eshroon SOLB WLL (In Liquidation and represented by its Judicial Liquidator, Mr Mareshi Abdulaziz Abdalla) [2024] QIC (F) 2 (21 January 2024)
The court found that the claimant had established its entitlement to the sums claimed, and the defendant, being in liquidation, was liable to pay subject to the insolvency process.
Source excerpt
The Court refused an adjournment and ordered Horizon Crescent Wealth LLC to be wound up, sending disputed asset and priority issues into liquidation.
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