The establishment of a specialised court for investment and trade is an important step in the development of the judicial system in Qatar, HE the President of the Supreme Judiciary Council (SJC) and President of the Court of Cassations Dr Hassan Lahdan Saqr al-Mohanadi has said.
In a press statement Sunday, HE Dr al-Mohanadi lauded the Cabinet's approval of the establishment of this specialised court, which comes within the framework of the vision of Qatari leadership to achieve accelerated justice, develop judicial systems and encourage creative initiatives that contribute to the advancement of all sectors, including the promotion of the economic and investment sectors in the country in line with developments taking place at the national and international levels.
He said that the new court also comes within the framework of creating an attractive environment for investment in Qatar, which has become the focus of many investors, noting that the establishment of this court keeps pace with the demand for the investment sector in the country and thus is a reassuring message to investors and employers wishing to work in Qatar.
He added that the SJC is working hard to develop the judicial system in line with the developments in Qatar in various fields to realise Qatar National Vision 2030, which was established by His Highness the Amir Sheikh Tamim bin Hamad al-Thani, and resulted in a number of specialised development strategies in each sector of the country.
He pointed out that the Council is in the process of preparing for the launch of the Court of Investment and Trade, which is the first phase on the way to establish a specialised judiciary in the state that aims to accelerate the pace of conflict settlement and achieving justice. The Judicial Strategy, which is currently being prepared by the SJC, stipulates the importance of developing the judicial system and guaranteeing justice in all fields, ensuring that all litigants have their rights as quickly as possible.
The establishment of the Investment and Trade Court comes after a study prepared by a joint working group comprising representatives of the Supreme Judicial Council and the Ministries of Finance, Justice, Trade and Industry in addition to the General Secretariat of the Council of Ministers, Qatar Central Bank, Qatar Chamber of Commerce and Industry and Qatar University.