Shura Council approves a draft law to establish investment and trade court after extensive discussion.
Qatar , Qatar
28 April 2021, 12:00 AM
31 May 2021, 12:00 AM
The Shura Council held its regular weekly meeting on Monday, under the chairmanship of HE the Speaker Ahmed bin Abdullah bin Zaid Al Mahmoud, via video conference at the Council's headquarters.
The Council has approved a draft law establishing the investment and trade court. The draft law has 35 articles that include the formation of the investment and trade court and its primary and appeals departments.
This was done after reviewing the report of the Legal and Legislative Affairs Committee on the draft law and after extensive discussion of the report.
The draft law also defines the jurisdiction of the court, including disputes related to commercial contracts, lawsuits arising between merchants and related to their business, disputes related to non-Qatari capital investment in economic activity, disputes related to the operations of banks, insurance companies, financing and investment companies, bankruptcy disputes, bankruptcy preventive conciliation, patent disputes, protection of competition, prevention of monopolistic practices, combating practices harmful to national products in international trade, disputes related to e-commerce and its transactions, and disputes related to partnership contracts between the government and private sectors.