DOHA, 04 May 2009
Senior officers of the Qatar Financial Center hosted the first in a series of coordination meetings between members of the Qatari Lawyers Association, which represents members of the Qatari bar, and senior representatives of QFC Law Firms.
Over dinner, the participants discussed various topics of mutual interest including legal developments in the State and in the QFC.
The parties also discussed proposals to enhance communication mechanisms between the QFC, QFC Law firms and the Qatari Lawyers Association and agreed to establish a Legal Practitioners Committee co-sponsored by QFC and QLA to facilitate this.
The QFC was represented by the Rt Hon The Lord Woolf, President of the QFC Civil and Commercial Court, Mr Phillip Thorpe, Chairman & CEO, QFC Regulatory Authority and Mr Stuart Pearce, CEO & Director General of the QFC Authority who hosted the event at the Four Seasons Hotel.
The Qatari Lawyers Association was represented by Mr. Rashed Bin Nasser Al-Nuami, the Chairman of the Board, Mr Abdul Rahman Mohammed Al-Jufairi, Secretary General, and other board members, including Mr. Yousuf Ahmed Al-Zaman, Mr Sultan Mubarak Al-Abdullah, Dr. Saud Saadon Al-Adba.
The QFC law Firms were represented by senior members of Badri and Salim El Meouchi LLP, Clyde and Co LLP, Dewey & LeBoeuf LLP, DLA Piper Middle East LLP, Eversheds LLP, HFI (Qatar) LLC, International Legal Consultants LLC, Lalive in Qatar LLP, Latham & Watkins LLP and McNair Chambers LL.
From Left to Right: Mr Abdul Rahman Mohammed Al Jufairi, General Secretary QLA; Mr Phillip Thorpe, Chairman and CEO, QFCRA; Mr Rashed bin Nasser Al-Nuami, Chairman of the Board; QLA, The Rt. Hon The Lord Woolf, President of The QFC Civil and Commercial Court; Mr Stuart Pearce, CEO and Director General, QFCA.
Media Contact:
Steve Martin
Director of Marketing and Corporate Communications
Tel +974 4967755 Mob +974 583 1937 e-mail s.martin@qfc.com.qa
Layla Salem
Senior Media Executive
Tel +974 4967793 Mob +974 5830054 e-mail l.salem@qfc.com.qa
Notes to Editors:
Qatar Financial Centre
The Qatar Financial Centre (QFC) is a financial and business centre established by the Government of Qatar and located in Doha. It has been designed to attract international financial services institutions and major multi-national corporations and to encourage participation in the growing market for financial services in Qatar and elsewhere in the region. The QFC operates to international standards and provide a first class legal and business infrastructure for those operating within the QFC. The QFC was created by Qatar Law No.(7) and has been open for business since 1 May 2005.
QFC Regulatory Authority
The QFC Regulatory Authority is an independent regulatory body established by Article 8 of the QFC Law. It regulates firms that conduct financial services in or from the QFC. It has a broad range of regulatory powers to authorize, supervise and, when necessary, discipline firms and individuals. The QFC Regulatory Authority regulates firms using principle-based legislation of international standard, modeled closely on that used in London and other major financial centers. The Regulatory Authority is currently receiving applications and granting authorisations.
QFC Authority
The QFC Authority is the commercial, administrative and legislative body responsible for driving the commercial strategy of the QFC and for developing relationships with the global corporate community and other key institutions both within and outside of Qatar.
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