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
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
On 30 May 2023, the CPA announced that it has fined a company a total amounting to 5% of its total revenues. The company, who runs a booking application platform, had failed to secure CPA’s consent prior to completing the economic concentration process. Based on CPA… Read more
National Consumer Holding company (NCHC), a leading industrial investment company based out of Kuwait, has entered into a binding agreement to acquire Cozmo Entertainment General Trading (Cozmo). Meysan Partners, a leading corporate law firm in Kuwait, played a major role in helping NCHC sign binding documentation… Read more
I. General Authority for Competition (GAC) decision dated 28 March 2023 On March 28, 2023, the Saudi General Authority for Competition (GAC) approved a decision to raise the minimum turnover threshold for merger control filings from SAR 100 million to SAR 200 million. In a press… Read more
In recent years, mergers have become the primary agent for transformation and expansion within the legal industry. The objectives behind these mergers are largely aligned with firms aiming to achieve similar goals. There has been a considerable interest in mergers in the legal industry throughout the… Read more
The UAE authorities have announced an extension to the deadline for employees to enroll in the national Unemployment Insurance Scheme. Previously, the deadline was set for the end of June, with fines to be imposed starting from July 1. According to a circular from the Ministry… Read more