A new company law is expected to be announced soon, with a high-level legal committee set up by the Ministry of Business and Trade submitting the amended draft to Minister H E Sheikh Jassim bin Abdul-Aziz Al Thani yesterday.
After receiving the document, the minister said the new law would meet expectations of Qatar’s business community. “The new commercial law will help enhance Qatari companies’ competitiveness and further boost the booming local economy.
The proposed law would meet the demands of the fast changing global economic and social realities in line with Qatar National Vision 2030”.
The original draft law, released last month, received mixed reactions. While legal professionals, businessmen and investors were all praise for the initiative, private companies and the Qatari business community raised objections regarding some clauses. The private companies noted that they should have been consulted by the authorities prior to drafting the law.
Read more: http://thepeninsulaqatar.com/qatar/226186-final-draft-of-company-law-ready-.html
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