DOHA: The Qatar Financial Centre (QFC) Authority today said it has issued a Public Consultation Paper proposing refinements to QFC Arbitration Regulations.
The Authority made changes after reviewing new draft of Qatari Arbitration Law on Civil and Commercial Matters and other rules in leading legal jurisdictions.
These changes aim to promote arbitration as a form of alternative dispute resolution in the QFC.
The paper explains enhanced proposals to the QFC Arbitration Regulations and aims consultations with the business community, reports QNA.
“The QFC Authority is committed to continually reviewing its legislative framework in order to allow new and existing QFC firms to benefit from a strong, transparent legal and regulatory environment," the Authority said.
Consultation Paper and its appendix describe the proposed amendments in detail. QFC Legislation website displays them.
The Authority said these legislative improvements are consistent with the QFC Law, the QFC Authority Regulations and the QFC Authority Governance Policy.
The Peninsula
