February 19 2017
The CEO of the Qatar International Court and Dispute Resolution Centre (“QICDRC”), Faisal Al Sahouti, has welcomed the publication of Law No 2 of 2017 issuing the Arbitration Act in Civil and Commercial Matters.
Mr. Al Sahouti praised the new law which has been designed to meet the economic and commercial needs of the State of Qatar and those doing business there. Arbitration is a popular method for resolving international commercial disputes and the issuing of this new law has come at an important time.
The new law, which is based upon the UNCITRAL Model Law, will, amongst other things, give the Civil and Commercial Court at the QICDRC a supervisory jurisdiction over arbitrations where the parties elect it so to have. This will likely prove an attractive offering, especially for international companies doing business in the State of Qatar.
Mr. Al Sahouti praised the new law which has been designed to meet the economic and commercial needs of the State of Qatar and those doing business there. Arbitration is a popular method for resolving international commercial disputes and the issuing of this new law has come at an important time.
The new law, which is based upon the UNCITRAL Model Law, will, amongst other things, give the Civil and Commercial Court at the QICDRC a supervisory jurisdiction over arbitrations where the parties elect it so to have. This will likely prove an attractive offering, especially for international companies doing business in the State of Qatar.
