Politics prompts SNG to exit Qatar

0
170

The new managing partner of International Law Chambers (ILC) in Doha is optimistic after taking control from SNG & Partners despite Qatar’s political troubles.

Rahul Kumar
Rahul Kumar

ILC was handed over to the firm’s associate partner, Rahul Kumar, who became ILC’s managing partner. “After having successfully survived the blockade for over a year now, the market in Qatar is now opening to new opportunities for entrepreneurs,” said Kumar, referring to the blockade imposed on Qatar by four Arab countries in the Gulf region.

Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic ties with Qatar in 2017 citing its alleged support of terrorism.

“The ongoing blockade has made the Qatari government realize the importance of self-sustenance and there is a lot of encouragement from them. The government is amending laws that will allow 100% foreign investment in a few sectors keeping the 2022 football world cup in sight. We are very optimistic that we will grow during this phase,” Kumar told India Business Law Journal.

Kumar was previously associated with SNG in its Delhi office before moving to Doha to handle ILC’s day-to-day operations. SNG managing partner Rajesh Gupta incorporated ILC in June 2015 and opened an office at Qatar Financial Centre.

Amit Shankar, a counsel at Phoenix Legal, left the firm and joined ILC as a partner. Kumar said he wanted to increase the local law corporate and commercial work done by the firm. “If all goes as planned, we’ll also have an English law capability soon,” he added.