On 29 August 2024, the DIFC Court handed down its decision rejecting an application by the award debtor to set aside a USD 1.6 billion ICC award. The application raised novel issues regarding the existence and scope of the act of state doctrine in DIFC law and the Court’s decision provides important clarification on these points. An anonymised version of the decision is expected to be published in due course.
Meysan’s team, acting as counsel to Iraq Telecom included partner Bader El-Jeaan in Kuwait, partner John Reynolds, and senior associate Oliver Green in London; partner Tarek Badawy and associate Ismail Lamie in Cairo.
Meysan is pleased to have advised and assisted Agility in connection with the transaction under which Agility agreed to sell its majority stake in Tristar Group to Aegis Logistics based on a total enterprise value of USD 1.5 billion. Tristar Group is a diversified global energy logistics platform generating USD… Read more
Decree-Law No. 87 of 2026 Introduction Building on Kuwait's leading record in charitable, humanitarian and relief work, Decree-Law No. 87 of 2026 on the Regulation of Charitable and Humanitarian Work has been issued to replace the legislative and regulatory framework that has been in place since 1959. The law aims… Read more
Meysan acted as Kuwait counsel for the Joint Lead Managers in connection with Kuwait International Bank K.S.C.P.’s (KIB) issuance of US$500 million senior unsecured sukuk, issued through KIB Sukuk Limited under the US$1.5 billion Trust Certificate Issuance Programme. Citigroup Global Markets and Standard Chartered, acted as Joint Global Coordinators for… Read more
Kuwait's Ministry of Commerce and Industry has issued Resolution No. 156/2026 (published in the Official Gazette on 2 August 2026), further amending the Ultimate Beneficial Owner (UBO) framework under Resolution No. 4/2023. It replaces Articles 8(1), 9(1) and 11(1) which are all now built around a 15-day compliance window: Legal… Read more
Meysan acted as counsel to Kuwait Petroleum Corporation and Kuwait Oil Company on Project Peregrine, a US$16 billion strategic infrastructure investment with a global consortium led by Blackstone, Brookfield and KKR, and the largest foreign direct investment in Kuwait’s history. The transaction establishes a new Kuwaiti joint venture to manage… Read more
Meysan is pleased to have advised and assisted a major foreign manufacturing company with the settlement of certain disputes with a local distributor in Egypt. Meysan represented the client in court proceedings and other governmental procedures while negotiating the settlement transaction, which involved a complex escrow arrangement managed by a… Read more