Qatar University College of Law (QU-LAWC) has hosted the “Qatari-South Korean Law Forum: Comparative and International Approaches” with the aim of discussing the legal framework of international relations related to business and trading between Qatar and South Korea.
Organised 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, according to a statement from QU.
South Korean ambassador Park Heung-kyeong delivered the welcoming remarks at the opening ceremony, followed by LAWC associate dean for Research and Graduate Studies and professor of Civil Law Faouzi Belknani, and professor of Law at Korea University Law School Young-Hwan Chung.
The event’s programme included a film screening on LAWC and two panel discussions themed “New laws, policies and trends in Qatari-Korean business” and “Business dispute
resolution”.
Discussions focused on a wide range of topics, such as “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” and others.
LAWC dean Dr Mohamed 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’ legislations from the perspective of
commercial law.”
Dr al-Khulaifi stressed the importance of providing a legal environment, which contributes to the establishment of legislation that protects investment and preserve the rights of
investors.
He also highlighted the need to create an effective and efficient justice system, which is one of the most significant factors for the sustainability and the development of Qatar’s openness
to foreign investment.
On his part, the Korean envoy said: “This forum is both opportune and appropriate in 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.”
Prof Belknani added, “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.”