The Ministry of Human Resources and Emiratization announced yesterday that the Government’s Emiratization drive now includes private companies with 20 to 49 employees. This expansion applies to companies across 14 economic sectors, including, inter alia, real estate, education, construction, and healthcare. Previously, only companies with 50… Read more
Earlier this year, the Ministry of Commerce and Industry (“MOCI”) in Kuwait issued Ministerial Resolution No.4 of 2023 (“the Resolution”) setting out an obligation for the identification of ultimate beneficial owners (“UBO”). The Resolution applies to all entities registered in the State of Kuwait, unless specifically… Read more
Meysan successfully acted on behalf of a senior executive in an employment dispute with one of the largest family groups in Kuwait, wherein the plaintiff was able to convince the court to re-evaluate the claim before a committee of experts, who subsequently overturned the conclusions of… Read more
The Prime Minister and Ruler of Dubai announced yesterday a new end-of-service benefits system for employees in the private sector and free zones. This voluntary initiative will include the establishment of savings and investment funds from the private sector, overseen by the Securities and Commodities Authority… Read more
Meysan, a prestigious law firm in the region, proudly announces its role as lead counsel to Boubyan Petrochemicals KSCP in the full acquisition of the English Education Providers Group (EPG) in Kuwait. This deal represents a significant milestone in Boubyan Petrochemicals’ strategic expansion and marks a… Read more
Earlier this year, the Ministry of Commerce and Industry (MOCI) issued a resolution amending the Companies Law thereby compelling Kuwait Shareholding Companies (KSC) to include in their budgets a clause that supports Kuwait Foundation for Advancement of Sciences (KFAS) with 1 percent of their annual net… Read more
The Saudi Arabian Civil Transactions Law (the “Law”) was enacted by Royal Decree no. M/191 on 19 June 2023 and is expected to become effective on the 16th of December 2023. The Law is the first civil code for the Kingdom. Prior to its enactment, civil… Read more