Asian Firms in Discussion with QFC on Business Opportunities in Qatar
The Qatar Financial Centre, one of the world's leading and fastest growing onshore business and financial centres, has its Chief Legal Officer, Nasser Al-Taweel, named in The Legal 500's 'GC PowerList: Middle East. This marks the third consecutive year that the QFC Legal team has been mentioned in the prestigious list. Al-Taweel was featured in 2017, and the QFC legal team were listed in 2018.
The list, which comprises 500 names, recognises influential in-house legal professionals working in the region for their contribution to the enhancement and commitment to best practice in the legal field.
For over 30 years, The Legal 500 has been analysing the capabilities of law firms across the world. The 2019 list has a particular focus to the in-house function, recognising corporate counsel that is driving the legal business forward.
Legal professionals selected for the list are made up of canvassed opinions from law firm partners and in-house counsel across the Middle East, to identify corporate counsel that have been instrumental in changing or forming opinions within their company or industry; developing brilliant technical solutions to complex issues; creating innovative structures to ensure that the in-house function is driving the business forward; or providing a business working model that other corporate counsel should follow.
Nasser Al-Taweel, Chief Legal Officer, QFC Authority said:
Qatar's economy is recognised as one of the fastest growing economies in the world, and while this offers an abundance of investment opportunities, the QFC provides a competitive business framework to facilitate market access to businesses wishing to expand to the region. We are proud to say that today the QFC is home to over 760 businesses from around the globe. Over 70 of these firms are Asian companies and Asia remains an important market to Qatar and home to the country's top five trading partners. We are eager to see the new alliances with Taiwan and Japan arising from these roadshows and look forward to welcoming them to our platform.
In addition to the recognition in the GC PowerList in the last few years, both Al-Taweel and the QFC's Legal Team have been commended for other legal business accolades. In 2018, Nasser was also named as the General Counsel of the Year at the Qatar Business Law Forum & Awards 2018. The award recognised excellence on the basis of legal expertise; client satisfaction; innovation; strategic vision and leadership. In the same year, the International Swaps and Derivatives Association (ISDA) also recognised the QFC as an effective netting regime. The recognition was a significant affirmation of Qatar's financial market infrastructure and the world-class legal framework established by the QFC.