Article 57 - Entitlement to damages for breach of obligations

(1) If a Person without reasonable excuse fails to discharge any duties or obligations imposed on that Person by these Regulations:
(A) the Person to whom the duty or obligation is owed; and
(B) any other Person who can reasonably be expected to rely on the performance of the duty or obligation,
has a right to recover damages for any loss or damage suffered by that Person provided that such loss or damage was reasonably foreseeable as likely to result from that failure.
(2) If a Person files a Financing Statement:
(A) without obtaining the consent of the Debtor; and
(B) without an honest belief that the Debtor has consented, the Debtor has a right to recover damages for any loss or damage suffered that was reasonably foreseeable as likely to result from the filing.
(3) Nothing in this Article limits or affects any liability which a Person may incur under any other Regulations or rules made by the QFC Authority.