The Investment and Trade Court will officially begin its work from tomorrow, according to Supreme Judiciary Council. Headquartered in Lusail, the Investment and Trade Court specialises in settlement of commercial disputes, including disputes related to commercial contracts, banking operations, and other fields.
“The Investment and Trade Court shall officially begin its work as of 10 May 2022 pursuant to Law No. 21 of 2021 concerning the establishment of the Investment and Trade Court at its headquarters in Lusail,” Supreme Judiciary Council said in a tweet, yesterday.
President of the Investment and Trade Court Judge Khalid bin Ali Al Obaidly had said, while talking to QNA, that the establishment of a court specialised in commercial dispute cases is an important step in the development of Qatar’s judicial system, to spur the advancement of all sectors, including the economic and investment sectors in the country.
The presence of a court specialised in investment and trade issues will have a significant impact on the national economy, as it will contribute to accelerating the pace of commercial dispute resolution and creating a healthy economic environment, in line with Qatar’s plans to increase its exports and attract foreign investments.
Experts say that establishing the Investment and Trade Court will instill confidence among investors.
“Qatar’s infrastructure and energy plans present a significant, attractive opportunity for foreign investors. The availability of a new specialised Investment and Commerce Court, as well as its modern arbitration law, will provide investors in Qatar with considerable comfort that disputes, should they arise, will be resolved in a just and efficient manner,” said Pamela McDonald, Partner, Pinsent Masons (Qatar).
Based in Qatar, Pamela advises Middle Eastern clients in the infrastructure and energy sectors, and specialises in international arbitration.
The establishment of a specialized court for investment and trade is considered an important step in the development of the judicial system, according to the vision of the wise leadership of Qatar, which encourages all creative initiatives that contribute to the advancement of all sectors, including the economic and investment sectors, which have witnessed significant growth in recent years, said the Supreme Judiciary Council in a tweet.
The establishment of this court keeps pace with the demand for the investment sector, thus it is a message of reassurance to investors and business owners wishing to invest in the country.
