September 21 2016
Following the Qatar Financial Centre announcement regarding its relocation to Doha’s new financial city, Faisal Rashid Al-Sahouti, Chief Executive Officer of the Qatar International Court and Dispute Resolution Centre (QICDRC) said: “This will inevitably promote a more attractive environment for foreign direct investments and international financial companies in line with the Qatar National Vision 2030”.
He added: “This new designation complements QICDRC’s on-going strategy to improve and develop its judicial system, and expansion plans. It also complements the expansion of the QICDRC’s mandate, jurisdiction and specialisation ahead of the anticipated New QFC Law, which will enhance the capabilities and abilities of the courts to adjudicate disputes brought before it in a transparent, fair and efficient manner using modern means of communication, according to international best standards and practices”.
Mr Al-Sahouti also said that the QICDRC will serve as a “judicial safety regulator” to the new financial city which in turn will contribute to enhancing investors’ trust in the judicial.
The QICDRC was established under the provision of Law No. 7 of 2005 on the QFC. It comprises of the Regulatory Tribunal of the Qatar Financial Centre (QFC) that has the jurisdiction to hear appeals raised by individuals and corporate bodies against decisions of the QFC Authority, the Regulatory Authority and other QFC institutions. It also comprises of the Civil and Commercial Court which has jurisdiction to look into civil and commercial disputes that arise between companies established under the QFC, or between companies established in the QFC and other companies operating in the State of Qatar.
The QICDRC brings together a high caliber of reputable and prestigious judicial experts, including exceptional Qatari cadres and international judges with extensive experience in the field of commercial disputes and complex investment structures.
The QICDRC is led by The Rt. Hon Lord Phillips of Worth Matravers.
About the QICDRCThe QICDRC comprises a world-class Civil and Commercial Court and Regulatory Tribunal, each of which specialises in the resolution of civil and commercial disputes and regulatory appeals, applying international best practices.
Led by the President of the Court, The Rt. Hon Lord Phillips of Worth Matravers, the judges of the Court are renowned for their independence, impartiality, integrity and propriety. The judges hail from a variety of jurisdictions including Qatar, the United Kingdom, Germany, New Zealand, Singapore and Cyprus, making the Court a truly international one.
He added: “This new designation complements QICDRC’s on-going strategy to improve and develop its judicial system, and expansion plans. It also complements the expansion of the QICDRC’s mandate, jurisdiction and specialisation ahead of the anticipated New QFC Law, which will enhance the capabilities and abilities of the courts to adjudicate disputes brought before it in a transparent, fair and efficient manner using modern means of communication, according to international best standards and practices”.
Mr Al-Sahouti also said that the QICDRC will serve as a “judicial safety regulator” to the new financial city which in turn will contribute to enhancing investors’ trust in the judicial.
The QICDRC was established under the provision of Law No. 7 of 2005 on the QFC. It comprises of the Regulatory Tribunal of the Qatar Financial Centre (QFC) that has the jurisdiction to hear appeals raised by individuals and corporate bodies against decisions of the QFC Authority, the Regulatory Authority and other QFC institutions. It also comprises of the Civil and Commercial Court which has jurisdiction to look into civil and commercial disputes that arise between companies established under the QFC, or between companies established in the QFC and other companies operating in the State of Qatar.
The QICDRC brings together a high caliber of reputable and prestigious judicial experts, including exceptional Qatari cadres and international judges with extensive experience in the field of commercial disputes and complex investment structures.
The QICDRC is led by The Rt. Hon Lord Phillips of Worth Matravers.
About the QICDRCThe QICDRC comprises a world-class Civil and Commercial Court and Regulatory Tribunal, each of which specialises in the resolution of civil and commercial disputes and regulatory appeals, applying international best practices.
Led by the President of the Court, The Rt. Hon Lord Phillips of Worth Matravers, the judges of the Court are renowned for their independence, impartiality, integrity and propriety. The judges hail from a variety of jurisdictions including Qatar, the United Kingdom, Germany, New Zealand, Singapore and Cyprus, making the Court a truly international one.
