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Hisham Aljundi
Doha
LEGAL experts of the Arab International Federation for Arbitration said that the new Arbitration Law issued recently in Qatar will create an attractive environment for investment.
The legal experts discussed the arbitration law during a seminar held on Wednesday under the theme 'The arbitrators' responsibility'. A group of law academics from Qatar University also took part in the seminar.
Speaking at the event, Qatar Investment Authority's Counsel Ehab Sonbati highlighted the newly added points to the Arbitration Law that go in line with the international best practices.
He said that the new legislation aimed to attract more investments and business on the basis of the outstanding logistical services provided by Qatar.
Rashid al Saad, member of the Advisory Board at Qatar Financial Centre (QFC), said that Law number 2 of 2017 on arbitrations in civil and commercial issues acts as a significant reference for resolving commercial disputes of companies in Qatar. He said that this makes it an effective tool within the comfortable investment environment in the country.
Saad pointed out that the legislators in Qatar had always been maintaining and developing legislations in the country to keep up with the sustainable development plan in order to realise Qatar National Vision 2030.
The attendees praised the new law describing it as a 'quantum leap' in commercial legislation.
Doha
LEGAL experts of the Arab International Federation for Arbitration said that the new Arbitration Law issued recently in Qatar will create an attractive environment for investment.
The legal experts discussed the arbitration law during a seminar held on Wednesday under the theme 'The arbitrators' responsibility'. A group of law academics from Qatar University also took part in the seminar.
Speaking at the event, Qatar Investment Authority's Counsel Ehab Sonbati highlighted the newly added points to the Arbitration Law that go in line with the international best practices.
He said that the new legislation aimed to attract more investments and business on the basis of the outstanding logistical services provided by Qatar.
Rashid al Saad, member of the Advisory Board at Qatar Financial Centre (QFC), said that Law number 2 of 2017 on arbitrations in civil and commercial issues acts as a significant reference for resolving commercial disputes of companies in Qatar. He said that this makes it an effective tool within the comfortable investment environment in the country.
Saad pointed out that the legislators in Qatar had always been maintaining and developing legislations in the country to keep up with the sustainable development plan in order to realise Qatar National Vision 2030.
The attendees praised the new law describing it as a 'quantum leap' in commercial legislation.
