Qatar: Law Amending Financial Centre Provisions Issued
Al Sharq, 21 October 2024: The Emir of the country has issued Qatar Law No. 16/2024 amending some provisions of the Qatar Financial Centre Law issued by Qatar Law No. 7/2005.
The law has stated its implementation and publication in the Official Gazette.
The Qatar Financial Centre has stated that the amendment aims to accelerate judicial procedures for resolving disputes efficiently and with high quality, ensuring the rights of litigants and achieving swift justice.
It also seeks to reduce the litigation period and enhance investor confidence.
This follows the amendments to the Qatar Financial Centre Law, issued by QFC Law No. 7/2005, and Qatar Law No. 15/2021, which amended some provisions of Qatar Law No. 34/2005 regarding Free Zones.
These changes extended the judicial jurisdiction of the Qatar International Court and the Regulatory Court to include cases occurring in the Free Zones of the State and to consider appeals against decisions issued by the Free Zones Authority.
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