QFC, Ministry of Justice join legal regulators' internationa...| MENAFN.COM

Saturday, 10 December 2022 08:29 GMT

QFC, Ministry of Justice join legal regulators' international meet

(MENAFN- Gulf Times) Representatives from the Qatar Financial Centre (QFC) Authority and the Ministry of Justice have participated in the ‘6th Annual International Conference of Legal Regulators' (ICLR) held in Singapore.
Co-organised by the Singapore Ministry of Law and the Law Society of Singapore, legal professionals and leaders in the field of legal regulation from around the globe attended the conference to discuss a variety of topical issues surrounding the theme of this years' conference entitled ‘Legal Regulation in a Borderless World: Building Networks.
QFC Authority chief legal officer Nasser al-Taweel and QFC Authority legal director Roscoe Banks were accompanied at the conference by Salem Fahad al-Marri, acting director of Lawyers Affairs at the Ministry of Justice. They also hosted and led a roundtable discussion at the conference titled' Setting Up a New Regulator: Where to Start.
The discussion covered various topics, including the underlying reasons for new regulation, key principles for sound regulatory design, and emulating global best practice in good legal governance. The discussion also touched on the development of the legal regulatory environment in Qatar and other emerging markets.
Al-Taweel said: 'We are delighted to have been given the chance to not only attend but also lead a discussion at this year's ICLR conference in Singapore. Events such as this give the QFC the opportunity to stay abreast of recent developments in the global legal regulatory environment, to learn about best practices, and to network with other legal regulators from around the world all of which contribute to further developing the QFC's legal regulatory environment and the wider regulatory regime in Qatar.
Al-Marri added: 'We would like to thank the Singapore Ministry of Law and the Law Society of Singapore for bringing together legal professionals and leaders in the field of legal regulation from around the globe to discuss issues that are of vast importance to the global legal community. Our participation further cements our efforts to provide a world class legal environment in Qatar that can benefit the Menasa region as a whole.
The QFC's international award-winning 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 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.


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