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Qatar Financial Centre Legislation: Contents

  • Qatar Financial Centre Legislation
    • QFC Law No. (7) of Year 2005
    • QFC Regulations
      • Arbitration Regulations 2005
      • Companies Regulations 2005
      • Contract Regulations 2005
        • Enactment Notice
        • Part 1: Application and Commencement
        • Part 2: Nature of Contract
        • Part 3: Formation of Contract
        • Part 4: Validity
        • Part 5: Interpretation
        • Part 6: Content
        • Part 7: Agency
        • Part 8: Performance
        • Part 9: Set-Off
          • Article 86 - Conditions of set-off
          • Article 87 - Set-off by notice
          • Article 88 - Effect of set-off
        • Part 10: Non-Performance
        • Part 11: Remedies
        • Part 12: Termination
        • Part 13: Transfer of Rights and Obligations
        • Part 14: Rights of Third Parties
        • Part 15: Interpretation and Definitions
      • Data Protection Regulations 2005
      • Employment Regulations
      • Financial Services Regulations
      • Foundation Regulations 2016
      • Immigration Regulations
      • Insolvency Regulations 2005
      • Investment Clubs Regulations 2016
      • Limited Liability Partnerships Regulations 2005
      • Netting Regulations 2017
      • Partnership Regulations 2007
      • QFC Authority Regulations
      • QFC Tax Regulations
      • Security Regulations
      • Single Family Office Regulations
      • Special Company Regulations
      • Trust Regulations 2007
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    • QFCRA Rules
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    • QFCRA Rulebooks Archive
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  1. Qatar Financial Centre Legislation
  2. QFC Regulations
  3. Contract Regulations 2005
  4. Part 9: Set-Off
  5. Article 88 - Effect of set-off
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‹ Article 87 - Set-off by notice Part 10: Non-Performance ›

Article 88 - Effect of set-off

(1) Set-off discharges the obligations to which it relates.
(2) If obligations differ in amount, set-off discharges the obligations up to the amount of the lesser obligation.
(3) Set-off takes effect as from the time of notice.
‹ Article 87 - Set-off by notice Part 10: Non-Performance ›

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