Qatar In­ter­na­tional Court high­lights QFC le­gal sys­tem

Gulf Times - - QATAR -

Qatar In­ter­na­tional Court high­lighted yes­ter­day the le­gal, and reg­u­la­tory regime of Qatar Fi­nan­cial Cen­ter (QFC) and high­lighted the in­cen­tives and ben­e­fits it of­fers to in­vestors.

This came on the side­lines of the par­tic­i­pa­tion of an of­fi­cial del­e­ga­tion from the Court at the In­ter­na­tional Bar As­so­ci­a­tion Con­fer­ence (IBA) held re­cently in Rome, along with 7,000 lawyers from around the world.

Qatar In­ter­na­tional Court CEO Faisal al-Sa­houti stressed the im­por­tance of par­tic­i­pat­ing in the con­fer­ence, which he said was the most prom­i­nent in the world in terms of the num­ber of le­gal spe­cial­ists who take part.

He added that the con­fer­ence pro­vided the Court with the op­por­tu­nity to in­tro­duce its ser­vices and the na­ture of its work, es­pe­cially in the field of al­ter­na­tive dis­pute res­o­lu­tion meth­ods.

In a speech given dur­ing the con­fer­ence, he said that Qatar In­ter­na­tional Court par­tic­i­pated to shed light on the le­gal, and reg­u­la­tory regime of QFC, and to re­view the in­cen­tives and ben­e­fits it of­fers to in­vestors.

He also dis­cussed the Qatari le­gal sys­tem and how it adopts the high­est in­ter­na­tional stan­dards. He pointed out that the Court’s sec­tion at the con­fer­ence saw strong in­ter­est from all del­e­ga­tions.

They got to learn about the na­ture of the work of the court and its spe­cial­ties and ex­pe­ri­ence in smart tech­nol­ogy ser­vices and so­lu­tions, as well as the elec­tronic sys­tem of the court, which con­trib­utes to speed­ing up the lit­i­ga­tion process be­tween the par­ties of the dis­pute.

The del­e­ga­tions also recog­nised the im­por­tant role played by the Court in pro­tect­ing the rights and prop­erty of in­vestors and the ef­fec­tive role played by the Court with other State ac­tors in pro­mot­ing and con­sol­i­dat­ing the con­cept of ad­her­ence to the rule of law.

He added that the del­e­ga­tions got an overview of the im­por­tant role played by the court in pro­tect­ing the rights and prop­erty of in­vestors and the ef­fec­tive role played by the court with other state ac­tors in pro­mot­ing and con­sol­i­dat­ing the con­cept of ad­her­ence to the rule of law.

The Qatar In­ter­na­tional Court chief ex­ec­u­tive also added that they or­gan­ised a sem­i­nar on the side­lines of the main event, to dis­cuss the topic in de­tail.

It in­volved a re­view of Qatar’s track record of pro­mot­ing the role of law lo­cally and in­ter­na­tion­ally, re­flect­ing its com­mit­ment to main­tain­ing peace and re­solv­ing con­flicts around the world by re­spect­ing in­ter­na­tional laws and con­ven­tions.

The sem­i­nar also dis­cussed the un­fair block­ade the State of Qatar is be­ing sub­jected to, which was a cat­a­lyst for the coun­try to ex­plore new mar­kets and new part­ners with many coun­tries around the world.

Al-Sa­houti said the speak­ers at the sem­i­nar all noted that the block­ade did not leave any neg­a­tive ef­fects on life in Qatar or the projects that the state is work­ing on. It was also a cat­a­lyst to ac­cel­er­ate the launch­ing of some of them such as the Ha­mad In­ter­na­tional Port.

He added that the speak­ers also praised the leg­isla­tive de­vel­op­ment in the State of Qatar, es­pe­cially in the light of the re­cent leg­is­la­tion is­sued by the state un­der the un­just block­ade, which they said ex­pressed a new di­rec­tion of the state in the eco­nomic field by open­ing up for more pri­vate in­vest­ment, whether lo­cal or in­ter­na­tional. Qatar In­ter­na­tional Court is one of the golden spon­sors of this year’s IBA con­fer­ence.

Qatar In­ter­na­tional Court has high­lighted the le­gal and reg­u­la­tory regime of Qatar Fi­nan­cial Cen­ter (QFC) on the side­lines of the In­ter­na­tional Bar As­so­ci­a­tion (IBA) Con­fer­ence held in Rome.

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