Qatar: lifting or piercing the corporate veil

Qatar: lifting or piercing the corporate veil:

"Limited Liability Companies (“LLCs”), established pursuant to Law No(5) of 2002 as amended (the “Companies Law”), are the most common vehicles used by foreign investors wishing to invest or conduct business in Qatar.

LLCs have traditionally been seen as a safe option by foreign investors who are familiar with the general principle of the “corporate veil”, a legal concept which separates the personality of a limited liability corporate entity from the personalities of its investors.

Investors rely on this concept to limit their liability to the amount each invested in the LLC, except in exceptional circumstances, generally involving fraud. "

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