On September 9, 2024, Meysan secured a USD 1.3 billion Final Award for Iraq Telecom, a subsidiary of Agility Logistics, in ICC Arbitration proceedings against Korek Telecom, a major Iraqi telecommunications company. The dispute related to Korek’s guarantee of the obligations of its DIFC-registered holding company International Holdings Limited (IH) under a 2011 loan agreement with Iraq Telecom, and the ICC tribunal confirmed that an agreement for the subordination of the debt was void.
This ruling follows a prior ICC case resulting in a USD 1.6 billion award in March 2023.
Meysan Managing Partner Bader El-Jeaan commented, “Korek now has judgment debts in excess of USD 1.9 billion against it, of which Sirwan Barzani is jointly and severally liable for over USD 1.3 billion. Our client now moves on to the enforcement phase in connection with these awards.”
The Meysan team included partners Bader El-Jeaan in Kuwait, John Reynolds and senior associate Oliver Green in London, and partner Tarek Badawy and senior associate Ismail Lamie in Cairo.
Board Resolution No. 32 of 2026 - Published in the Official Gazette on 5 April 2026 - In Force Immediately Authors: Abdulwahab Sadeq (Partner), Lama Abou Ali (Counsel), Adel Alasousi (Senior Associate) and Sara Awaly (Associate) KEY TAKEAWAYS On 5 April 2026, the Kuwait Competition Protection Agency (the "CPA") published… Read more
Over the past few weeks, Dubai has introduced a series of laws that, when viewed together, signal something much broader than routine regulatory updates. This is not incremental reform. It reflects a structural shift in how regulation is conceived and enforced. The issuance of Dubai Law No. (3) of 2026,… Read more
In times of regional uncertainty, businesses often reassess their operational and financial exposure. For boards of directors, however, the legal position remains clear: geopolitical developments do not alter the duties owed by directors under UAE and Kuwait law. Under UAE Federal Decree Law No. 32 of 2021 on Commercial Companies… Read more
Subject: Risk and Claims Management in Light of Current Geopolitical Circumstances and Disruptions to Some Business Activities In light of the geopolitical developments and the ongoing war in the region, and the resulting economic and operational impacts, including the disruption of some business activities or the temporary closure of facilities,… Read more
Law No. (10) of 2026 Regulating the Digital Commerce Sector Law No. (10) of 2026 regarding the regulation of the digital commerce sector in Kuwait establishes a legal framework governing commercial activities conducted through digital and electronic platforms within the State of Kuwait. The law aims at regulating the expanding… Read more
1 - Executive Summary & Core Conclusion The attached commentary critiques Kuwait’s Ministerial Resolution No. (351) of 2025. While nominally drafted to "regulate" the commercialization of energy drinks, the resolution effectively functions as a de facto prohibition by severely restricting viable distribution channels. From an administrative law perspective, the decree… Read more