The Qatar Financial Centre (QFC), one of the world's leading and fastest growing onshore business and financial centres, participated in the third Qatar Business Law Forum & Awards, organised by LexisNexis, during which the QFC's Chief Legal Officer and Board Secretary Nasser Al-Taweel was named 'General Counsel of the Year'.
The 2018 'General Counsel of the Year' award is a prestigious award that recognises the achievements of the Head of a Legal Department based on a set criteria that includes evidence of legal expertise; client satisfaction; innovation; strategic vision, and leadership, and is determined by a judging panel. The event is hosted by LexisNexis in partnership with the Ministry of Commerce and Industry (Department of Legal Affairs), Qatar University (College of Law), and the Association of Corporate Counsel (ACC) Middle East.
Yousuf Mohamed Al-Jaida, Chief Executive Officer, QFC Authority said: "The award is an important acknowledgement of the tremendous efforts and world-class expertise exerted by our legal team, and the important role they play in helping the Qatar Financial Centre (QFC) continue to provide an attractive platform for businesses to grow and contribute to Qatar's long-term economic prosperity."
Nasser Al-Taweel, Chief Legal Officer and Board Secretary, QFC Authority said: "I am truly honoured to receive this prestigious award. The QFC's Legal department as a whole has made significant strides over the past few years and this award serves as a testament to the depth of the QFC's legal expertise, innovation, business success and strategic vision. This award also highlights the efforts committed by the QFC's Legal department who boasts a wealth of experience across countless legal fields."
The QFC is an onshore jurisdiction, allowing companies to operate in and from Qatar within the QFC legal and tax environment. The QFC endeavours to promote Qatar as an attractive business destination. Companies that wish to establish a business in the QFC are guided throughout by a dedicated QFC relationship manager who assists in the process of obtaining a licence and offers support in matters related to operating a business in Qatar. QFC firms enjoy competitive benefits, such as working within a legal environment based on English common law, the right to trade in any currency, up to 100% foreign ownership, 100% repatriation of profits, 10% corporate tax on locally sourced profits, and an extensive double tax treaty agreement network with 60+ countries.
In addition, the independent Employment Standards Office of the QFC embodies a unique Administrative Employment Dispute Resolution Centre accredited by the International Labour Organization (ILO), providing conciliation and adjudication services free of charge to help resolve workplace conflicts. The ESO is fully aligned with the Qatar National Vision 2030 and aspires to promote international best practices in the field of human capital.