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Qatar Financial Centre Regulatory Authority and Qatar Financial Center Authority v Horizon Crescent Wealth LLC, and Mohammed Al-Emadi
CTFIC0019/2023
Neutral Citation
[2026] QIC (A) 6
Date
29 March 2026
Status
Keywords
Judges
The Rt. Hon. The Lord Thomas of Cwmgiedd
Chelva Rajah SC
Fritz Brand
Summary
In the liquidation of Horizon Crescent Wealth LLC (HCW), Mr. Mohamed El-Emadi, a former Deputy Chairman, challenged the liquidator's decision to limit his preferential claim to QAR 182,000, arguing it was inconsistent with fairness and vested rights from a previous judgment. However, the court upheld the liquidator's decision, stating that Article 148 of the Insolvency Regulations clearly limits preferential employee claims to $50,000 (QAR 182,000) regardless of any judgment rights. Consequently, Mr. El-Emadi’s claims exceeding this amount are considered unsecured and without preference. The application was refused.
Judges
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The Rt. Hon. The Lord Thomas of Cwmgiedd
Wales
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Chelva Rajah SC
Singapore
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Fritz Brand
South Africa
Judgment Content
Appellate History
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12
Feb 2026
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19
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15
Apr 2024
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