The Council of Ministers Approves Draft Law Establishing Investment And Trade Court
May 26, 2021
In its Wednesday weekly meeting on May 19, 2021, the Council of Ministers approved a draft law establishing an Investment and Trade Court in Qatar, along with its primary and appeals departments as part of the country’s ongoing reforms to attract investment. The draft law had previously been reviewed and approved by the Shura Council earlier in May.
The draft law contains 35 articles that define the jurisdiction of the court in respect of certain types of disputes involving:
- Claims between merchants;
- Commercial contract claims;
- Non-Qatari (foreign) investments;
- Banks and banking activities;
- Insurance companies and claims;
- Bankruptcy and reconciliation;
- Competition and the prevention of monopolies;
- National products in international trade;
- E-commerce and related transactions; and
- Partnership agreements between the private sector and the government.
The Council of Ministers also approved for the court the allocation of an independent headquarters, its budget, and the appointment of a judicial team.