Insights

The Qatar Financial Centre (“QFC”) has established itself as a premier jurisdiction for the creation and management of trusts, offering a sophisticated legal framework that meets international standards. This article explores the key aspects and advantages of trusts within the QFC, providing insights into their structure, operational benefits and diverse applications for local and international stakeholders.

The financing of legal actions by third parties has grown exponentially since the early 2000s and is now common across many common law and civil law jurisdictions. It is still in its infancy in Qatar, but the Qatar International Centre for Conciliation and Arbitration (the “QICCA”) expressly recognised third party dispute funding in its 2024 rules update (the “QICCA Rules”).

The start of 2025 has seen the introduction of the new arbitration rules for the Qatar International Center for Conciliation and Arbitration (“QICCA”). The new rules, entitled the ‘Arbitration Rules 2024’, reflect the changing world of dispute resolution, and the rules are nearly double in length to the 2012 rules reflecting the QICCA’s understanding that arbitration is a competitive environment, and that institutional bodies need to adapt to meet the end-users’ needs. The 2024 rules are a considerable improvement, offering new regimes of expedited and emergency procedures, and transparency on third-party funding, making dispute resolution more accessible and user-friendly. We detail some of the more significant changes below.