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Qatar Financial Centre Court Makes Ruling That Could Affect Turkish Businesses Operating In The Region - Corporate/Commercial Law


Background
The First Instance Circuit of the Civil and Commercial Court of
the Qatar Financial Centre (“QFC Court”) released a
Note on Ruling (“Note”) on 17 March 2021, regarding a
judgement it rendered on 21 February 2021.
The Note did not include any details pertaining to the merits of
the dispute, however, the part released is quite remarkable,
especially for anyone engaged in business activities in Qatar, as
the QFC Court found that a dispute relating to an arbitration
between two non-QFC companies fell within the scope of its
jurisdiction.
The Qatar Financial Centre (“QFC”) was launched in
2005 to attract foreign investors. Of the incentives it provides, ....

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Qatar Financial Centre: Confirmation as Opt-In Arbitration Court | White & Case LLP


To embed, copy and paste the code into your website or blog:
A recent court case in the Qatar Financial Centre confirms the Qatar International Court s status as a court of choice for international parties, even if they are not established in the Qatar Financial Centre.
The Qatar Financial Centre (
QFC ) is an onshore business and financial center in Qatar, with its own legal framework, and international companies doing business in Qatar have the choice between being established in the QFC or otherwise in the State of Qatar.
It was until recently unclear whether companies doing business in Qatar, which were not established in the QFC, could decide that the Qatar International Court at the Qatar International Court and Dispute Resolution Centre ( ....

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