International Chamber of Commerce (ICC) Qatar is partnering with CQUR Bank to host an event titled ‘Mapping the Course for UN Commission on International Trade Law (UNCITRAL) Model Law on Electronic Transferable Records (MLETR) Implementation in Qatar’.
The event is slated for December 4 from 10.30am-1.30pm at Qatar Chamber’s Doha headquarters. It is open to members and non-members of ICC Qatar free of charge. It welcomes interested participants from the private sector, legal consultants, customs brokers, chambers of commerce, logistics providers, transport service suppliers, insurance providers, banks, and freight forwarders (list not exclusive).
The event will bring together national and international speakers to address the various processes and frameworks that underpin digital trade and are essential for promoting inclusive and responsible trade.
Technical-oriented presentations will be presented by researcher and professor in Private Law, College of Law from Qatar University, Professor Nisreen Mahasneh, and Gunnar Collin, head of Sales, Trade Finance, Enigio AB. Their insights from both academia and the business perspective aim to advance the agenda of digitizing trade in Qatar.
The programme will also include legal and business-oriented panel discussions with a specific focus on the UNCITRAL Model Law on Electronic Transferable Records (MLETR) implementation and its foundational role in digitising trade.
The speakers and panellists will include Professor Sarah Green, Commissioner for Commercial and Common Law, UK; Luca Castellani, Legal Officer, Secretariat of the UN Commission on International Trade Law; Chris Southworth, Secretary-General, ICC UK; Oscar Sanz-Paris, Deputy CEO, CQUR Bank; Mamadou Traore, Corporate Banking Territory Manager, Finastra; and Hussam al-Kokhon, Head of Trade Finance, CQUR Bank; Chair of the Commission on Customs and Trade Facilitation, ICC Qatar.
An ICC Qatar spokesperson said: “The upcoming event will focus on UNCITRAL MLETR adoption. The adoption will facilitate an ideal environment to build the infrastructure for businesses to conduct transactions using transferable documents and instruments in electronic format. It will also enable the trading system to be systematized into a single interoperable information system, promoting efficiency, and addressing issues where stakeholders in the trading systems often work in silos.
“According to Invest Qatar, the global digital transformation market size is projected to grow almost fivefold, indicating a significant trend in digitalisation. Qatar is already embracing this trend, evident in its Qatar National Vision 2030, where digital transformation plays a crucial role in the plan for economic and social development, resulting in increased investment.”
The ICC Qatar spokesperson added: “Simultaneously, through co-ordinated efforts with the private sector via ICC Qatar Commission on Customs and Trade Facilitation, private sector members can use the platform to advocate for their business needs, develop policy recommendations, and actively participate in the development of national and international standards on the subject.”
Al-Kokhon said: “Transforming towards a paperless environment in trade finance business is what MLETR is all about. The future of digital transactions unfolds, shaping the landscape of electronic transferable records. Attendance isn't just a seat; it's a front-row experience to witness the evolution of models that will redefine how we transfer and manage records in the digital era.”
He also noted that transferable documents and instruments are essential commercial tools. Their availability in electronic form may be greatly beneficial for facilitating electronic commerce by, for example, improving the speed and security of transmission, permitting the reuse of data and automating certain transactions through “smart contracts”.
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