23 Oct 2016
Dr Mohammed Bin Abdulaziz Al-Khulaifi, Dean of College of Law, Qatar University stressed on the importance to provide a legal environment which contributes to the establishment of legislations that protect investment and preserve the rights of investors. He was addressing at a seminar “Qatari-South Korean Law Forum: Comparative and International Approaches”. College of Law hosted a seminar in collaboration with Korea University Law School. The forum was an opportunity to promote dialogue among students, researchers and experts from Qatar and beyond to share their ideas and knowledge on comparative and international approaches of Qatari-South Korean Law. To discuss legal framework of international relations related to business and trading between Qatar and South Korea.
Dr. AlKhulaifi highlighted the need to create an effective and efficient justice which is one of the most significant factors for the sustainability and the development of Qatar’s openness to foreign investment. He said: “Qatar became the Arab world’s engine of growth and development. The country was named first in the Arab world and 14th internationally in the index of global competitiveness 2015-2016.”
Present on the occasion were Park Heung-kyeong, Ambassador of South Korea to the State of Qatar, Prof Young-Hwan Chung of Korea University Law School and Prof Faouzi Belknani, Qatar University Law College.
Dr Mohammed Bin Abdulaziz Al-Khulaifi said “This forum is the first-of-its-kind in the region to highlight the solid relations between Qatar and South Korea, and both countries’ legislation’s from the perspective of commercial law.”
Ambassador Park Heung-kyeong welcomes the guests and appreciated both the College of Law at Qatar University and Korea University Law School for organizing this significant forum in Doha. Ambassador said ‘This forum provides an opportunity and appropriate for discussing important legal aspects of business between Qatari and Korean companies from monetary relations, financial transactions and investments to dispute resolutions and the application of Korean judicial systems for foreign nationals. We are witnessing the activity of many large Korean companies, small and medium companies exploring business opportunities in Qatar.”
Park expressed his gratitude to Qatar University for offering a Korean language program starting this semester, a collaboration between Qatar University and the Korea Foundation. Korea University. Ambassador regarded Korea University as one of the best universities in Korea. Both Korea University and Qatar University has signed MOU last year on Masters’ and PhD Joint-Exchange programs at both the institutions.”
Associate Dean for Research and Graduate Studies, Qatar University Law College also addressed on the occasion.
Prof Faouzi Belknani in his address said: “The economic development and the increase in the number of Korean companies in Qatar led to the need for the establishment of a legal environment with the aim to enhance the growing investments in the country. In this regard, the creation of legislation should meet the needs of various developments that are taking place in the country, while maintaining Qatar’s political, economic and social roots. This forum is a valuable opportunity to establish comparative and international approaches of the Qatari and South Korean law, and to provide a better understanding of each country’s legal culture.”
A 2-Panel discussion on ‘New Laws, Policies and Trends in Qatari-Korean Business” and “Business Dispute Resolution” was also held. Discussions covered a wide range of topics including “International Legal Aspects of Monetary Relations within Northeast Asia: Selected Issues”, “Evaluation of the Conditional-Absolute Payment Issue in Letters of Credit: Identifying which Position Provides Maximum Party Autonomy, Certainty, Flexibility, Fairness and Good Faith”, “Assessment of Shareholders Protection in the New Qatari Corporate Law: Paving the Road for Investors”, “The protection of minority shareholders in Qatari corporate Law”, “Protection of Personal Data in Korea”, “Models of Dispute Resolution and Economic Development: QIC & DRC. DFCC and Singapore International Court as the Real Alternative”, “Access to Korean Judicial System for Foreign Nationals”, “Good faith in contracts: Qatari Law perspective”, “Electronic Litigation in Korea”, and “The Enforcement of Settlement Agreements Resulting from Mediation”.