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Shura discusses draft on establishing investment and trade court in Qatar

Shura discusses draft on establishing 
investment and trade court in Qatar

The Shura Council, at a meeting held under the chairmanship of Speaker HE Ahmed bin Abdullah bin Zaid Al Mahmoud via video conference on Monday, discussed a draft law on establishing an investment and trade court.
The draft law contains 35 articles that include the formation of the investment and trade court and its primary and appeals departments.
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.
After discussion, the Council referred the draft law to the Legal and Legislative Affairs Committee to submit a report on it.
The Council also discussed a draft law amending some provisions of Law No 5 of 2015 on Commercial, Industrial and Similar Public Shops and Street Vendors.
The Council approved the draft law and referred its recommendations to the government.
At the outset of the meeting, the Shura speaker, on behalf of himself and members of the Council, congratulated the Amir His Highness Sheikh Tamim bin Hamad Al Thani on the advent of the Holy Month of Ramadan, asking Allah the Almighty to grant HH the Amir with continued good health and happiness, and to bless the loyal people of Qatar and its residents with further prosperity and more achievements under the wise leadership of HH the Amir, hoping for the end of the pandemic in Qatar, the Arab and Islamic nations, and the whole world.
The speaker also briefed the Council on his meeting last Wednesday with Chairman of the Transitional Sovereignty Council of Sudan Lieutenant-General Abdel Fattah Al Burhan and explained that the meeting focused on the well-established bilateral relations between the two countries.
He added that the chairman valued the position and role of Qatar in supporting the Sudanese people, especially its fruitful efforts for peace, development and reconstruction in Darfur.
He said the meeting reflected the common desire to develop the Qatari-Sudanese relations.