Qatar Financial Markets Authority’s Initiative to Reduce Nominal Value of Shares for Listed Companies in Qatar By:Ahmed Durrani, Associate Earlier this year, the Qatar Financial Markets Authority (“QFMA”) announced that it is working towards developing procedures and contemplating relevant methods through which it will implement an adjustment in the nominal value of shares of companies […]
As Qatar’s development toward becoming a more attractive foreign investment destination continues unabated, the government has sought to streamline the competencies of the various Ministries in line with Qatar National Vision 2030. Pursuant to this goal we understand that on November 5, 2018 the Amir of Qatar, H H Sheikh Tamim bin Hamad al-Thani issued […]
Qatar recently announced that it has dedicated $2 billion to attract multi-national companies to the Qatar Financial Centre (“QFC”) in its latest effort to attract additional foreign capital investments. This announcement coincides with Qatar’s other initiatives to attract foreign capital, including the implementation of legislation permitting foreign nationals to hold permanent residency, the law cancelling […]
Since our last article regarding the subject, as of October 28, 2018 Law No. 13 of 2018 amending certain provisions of Law No. 21 of 2015 Regulating the Entry, Exit and Residence of Expatriates (the “New Law”) has gone into full effect. The New Law effectively abolished the exit permit system for expatriate employees living […]
As mentioned in previous articles Qatar has been implementing numerous legislative changes aimed at attracting foreign investment and improving the treatment of expatriate workers in the country. On October 31, 2018 the Amir, H H Tamim bin Hamad Al Thani, issued two significant pieces of new legislation. The first law, Law No. 16 of 2018, […]
Article 11 of the Consumer Protection Law provides that the supplier shall refund the consumer or repeat the service in the correct manner where the service does not conform to the guarantee made by the supplier.
The Data Protection Directive 95/46/EC (“DPP”) of the European Union (“EU”) was adopted in 1995 to regulate the processing of personal data within the EU under the ambit of the EU’s privacy and human rights legislation. In April of 2016, the EU adopted the General Data Protection Regulation (“GDPR”). The GDPR supersedes the DPP and will be enforceable as of 25 May 2018.
Obligations of Qatar towards foreign investors A state of necessity is a circumstance that precludes wrongfulness of conduct that would otherwise be in violation of international obligations of a State signatory to a respective treaty. In other words, it is a circumstance in which a State is left with a single course of action to […]
One of the most common and frequent questions from clients after the GCC crisis is whether to know if the current diplomatic cut of relationships would be classified legally as a force majeure event or only as a hardship circumstance. We will discuss the conditions of both theories under Qatari law in order to show that the legal qualification of the crisis varies from one case to another.
In 2012, Law No. 10 of 2012 regulating Consultancy Services (“Consultancy Law”) was passed to outline the requirements for licensing entities providing consultancy services in the economic, commercial, and financial sectors. In addition to these consultancy sectors, the legalisation also regulates licensing of entities providing analysis, training, and feasibility studies services.