Meysan has successfully advised the shareholders of Upayments Electronic Payment and Settlement Systems KSCC, a leading fintech solutions provider, on their partial exit through the sale of a 51% stake in the company to the National Bank of Kuwait (NBK).
Upayments, founded in 2016, is a prominent provider of online payment solutions, revolutionizing business financial transactions with cutting-edge digital payment services tailored to businesses and entrepreneurs. This strategic transaction further solidifies Upayments’ position as a key innovator in the fintech industry and marks an important milestone in its growth journey.
The transaction involved navigating multiple regulatory approvals in Kuwait, including clearances from the Central Bank of Kuwait, and the Competition Protection Authority.
Meysan’s team played a pivotal role in ensuring the transaction’s success. This included reviewing and negotiating key transaction documents, as well as drafting operational agreements for the company’s post-completion phase. The team maintained constant coordination between all contracting parties and engaged with regulatory authorities to guarantee compliance with legal requirements and deadlines.
The Meysan team advising on this landmark transaction was led by Partner Dr. Abdulwahab Sadeq and Counsel Neyla Rahal, demonstrating Meysan’s commitment to providing exceptional legal counsel in high-stakes transactions.
This deal represents another significant achievement in Meysan’s ongoing efforts to support the region’s most dynamic and innovative companies in realizing their strategic objectives.
Meysan’s legal team, led by Partner Waleed Al-Tattan and Senior Counsel Tarek Diab, achieved a significant court victory on behalf of one of Saudi Arabia’s largest banks. The team successfully obtained two rulings from the Kuwaiti courts enforcing execution orders issued by a Saudi enforcement judge against two Kuwaiti guarantors, with a combined value… Read more
In one of the most high-profile and complex commercial agency disputes in Kuwait’s legal history, a Kuwaiti company filed multiple lawsuits against one of the world’s largest European automotive manufacturers, seeking KWD 320 million (approx. USD 1.04 billion) in damages. The dispute centered around the termination of an exclusive distribution… Read more
The Kuwait Constitutional Court issued another significant ruling on 25 June 2025 (the "June Ruling") which was published in the Official Gazette on 20 July 2025, declaring that Article 34(5) of the Competition Protection Agency Law No. 72 of 2020 (the “CPA Law”) is unconstitutional. This ruling highlights ongoing constitutional… Read more
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KUWAIT CITY, June 15,2025 - Meysan Partners successfully advised the Joint Lead Managers as Kuwait counsel on Boubyan Bank's US$500 million senior unsecured Sukuk issuance under its US$3 billion Trust Certificate Issuance Programme. Transaction Overview: The transaction marks Boubyan bank’s return to the debt market after 3 years • 4.2… Read more
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