The political and economic boycott of Qatar, which began on 5 June 2017 when Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic ties with Qatar and moved to close off access to the Gulf country, continue to have a significant impact on international trade in the Middle East. The indications are that the dispute is unlikely to be resolved in the short term and will continue to be even more disruptive. Businesses with a nexus to Qatar will have to take a commercial decision on whether their operations are viable as they stand and are sustainable going forward. Practical observations that we have witnessed over the past few months are set out in our most recent alert, highlighting the impact in respect of:
- the supply of goods;
- the movement of people;
- finance;
- contractual disputes; and
- US Anti-boycott laws and international claims.
Please click here to see the full December 2017 Overview alert. The situation is dynamic and continues to evolve, and we will continue to monitor developments and provide updates from time to time. You can read our previous alerts on the Qatar Diplomatic Crisis on our dedicated website: http://www.bakermckenzie.com/en/insight/publications/2017/07/qatar-diplomatic-crisis
- 8 June 2017 l Update: Qatar Diplomatic Crisis – How it may impact you
- 12 June 2017 l Update: Qatar Diplomatic Crisis – How it may impact you in Saudi Arabia, the UAE and Egypt
- 13 July 2017 l Update: Qatar Diplomatic Crisis – The Continuing Impact
- 19 July 2017 l Qatar Diplomatic Crisis Webinar – Navigating the uncertainty of doing business with Qatar
