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Qatar Financial Centre Court Makes Ruling That Could Affect Turkish Businesses Operating In The Region - Corporate/Commercial Law

Background
The First Instance Circuit of the Civil and Commercial Court of
the Qatar Financial Centre (“QFC Court”) released a
Note on Ruling (“Note”) on 17 March 2021, regarding a
judgement it rendered on 21 February 2021.
The Note did not include any details pertaining to the merits of
the dispute, however, the part released is quite remarkable,
especially for anyone engaged in business activities in Qatar, as
the QFC Court found that a dispute relating to an arbitration
between two non-QFC companies fell within the scope of its
jurisdiction.
The Qatar Financial Centre (“QFC”) was launched in
2005 to attract foreign investors. Of the incentives it provides, ....

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