18 May 2017, Doha – Qatar
Qatar Financial Centre (QFC)’s Legal Department was awarded the Middle East “Legal Team of the Year” in the public sector (government departments, agencies or public bodies) at the Middle East Legal Awards 2017 held in Dubai, UAE. The Middle East Legal Awards are co-hosted by the Association of Corporate Counsel and are the premier legal awards in the Middle East. This accolade comes after the QFC’s Legal Department was voted the “Legal Team of the Year” in its category at the Qatar Business Law Awards in 2016 that was organised by LexisNexis in association with Association of Corporate Counsel Middle East.
Nasser Al-Taweel, the QFC Authority’s Chief Legal Officer and Board Secretary thanked the independent judging panel, comprised of leading corporate practitioners from across the Middle East region, for their endorsement of the achievements and reputation of the QFC’s Legal Department. Mr Al Taweel commented: “On behalf of my team, I would like to thank the Middle East Legal Awards for their vote of confidence in our management, professionalism and accomplishments. This award is further proof of the QFC’s continuous efforts to provide a world-class legal environment and attract the finest firms and professionals to the QFC.”
The QFC’s legal environment provides an internationally recognised platform for leading Qatari and international companies to expand in Qatar or overseas from the QFC. This in turn supports Qatar’s economic development and diversification efforts and contributes to knowledge and expertise sharing in Qatar and beyond. The QFC’s Legal Department provides a comprehensive set of in-house legal services and is at the centre of the strategic development, enhancement and advocacy of the QFC’s legal environment.
The Middle East Legal Awards are open to all law firms and in-house legal departments in the Middle East. They are subject to strict submissions and judging criteria and celebrate demonstrated legal competence and achievement. The award criteria included legal expertise of the team, innovation, evidence of teamwork, contributions to business success and efficiency. By recognising exceptional achievement and best practice, they underline the crucial role lawyers play to promote the rule of law and facilitating business success
The awards ceremony was held at the Ritz Carlton, Dubai and attended by almost 400 lawyers from in-house legal departments and private practice. This year, the Association of Corporate Counsel Middle East Chapter co-hosted the event with Legal Week and its sister publications.
ABOUT THE QFC
The Qatar Financial Centre (QFC) is an onshore business and financial centre located in Doha, providing an excellent platform for firms to do business in Qatar and the region. The QFC offers its own legal, regulatory, tax and business environment, which allows 100% foreign ownership, 100% repatriation of profits, and charges a competitive rate of 10% corporate tax on locally sourced profits.
The QFC welcomes a broad range of financial and non-financial services firms.
For more information about the permitted activities and the benefits of setting up in the QFC, please visit www.qfc.qa
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© Press Release 2017