This week the spotlight is on legal and regulatory developments in Qatar, where the country’s Cabinet has approved a draft corporate bankruptcy and prevention law following a proposal from the Economy and Commerce Ministry. If approved, the law will provide a detailed regulatory framework for corporate bankruptcy and prevention in line with international standards. The aim is to improve the country’s investment environment.
The Cabinet also approved amendments to the country’s 2006 Competition Law and draft Executive Regulations to accompany it. If approved, the amendments will repeal and replace Qatar Law No. 19/2006. The aim is to bring Qatar’s legislative framework in line with developments in this area.