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DOHA, 01 July 2009
The Qatar Financial Centre Authority (QFCA) and the Qatari Lawyers Association (QLA) announce today the establishment of the Qatar Legal Practitioners Committee (QLPC).
The mission of QLPC is to:
- Promote dialogue and the exchange of information and views among the legal communities of Qatar and to develop joint initiatives;
- Further develop and support the legal profession in Qatar;
- Facilitate the coordination of QFC and State legal requirements, practices and processes in accordance with accepted legal rules and principles; and
- Promote respect for the rule of law and the legal process.
The Committee is co-chaired by Jane Kang Thorpe, Chief Legal Officer of QFCA and Abdul Rahman Al Jufairi, Secretary General of QLA. QLPC’s members include Jeffrey Bailey of DLA Piper, Khawar Qureshi QC of McNair Chambers, David Salt of Clyde & Co, Craig Stoehr of Latham & Watkins and the following members of the QLA Board: Yousuf Al Zaman, Sheikh Ahmad Al Thani, Sultan Al Abdullah, Abdullah Al-Muslemani.
The Committee held its first meeting on June 24, 2009 and discussed enhanced cooperation between the Qatar Financial Centre and QLA, legal training and knowledge transfer and QFCA’s Consultation Paper No 1 of 2009 on legal requirements applicable to QFC law firms. The next meeting will be held in September 2009.
- Ends -
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 +974 583 0054 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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