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. oldquadrifoglio.tuscanycloud.it
Authors: Tarek Yehya, Partner // Lama Abou Ali, Counsel // Sara Awaly, AssociateBACKGROUNDIn a recent update to Kuwait’s corporate governance framework, the Capital Markets Authority (the “CMA”) issued Decision No. 56 of 2026 (the “Decision”), amending certain provisions of Module Fifteen (Corporate Governance) of the CMA Executive Bylaws.The Decision was… Read more
OVERVIEW Recent regional developments have created operational challenges for businesses across the GCC, including in Kuwait. In practice, employers may be considering measures such as mandating annual leaves, implementing reduced working hours or part time arrangements, imposing unpaid leave, temporary or permanent salary reductions, temporary suspension of employment and termination,… Read more
Not Every PAI Plot Is At Risk: Why Classification MattersThe Minister of Commerce and Industry, in his capacity as Chairman of the Board of the Public Authority for Industry (“PAI”), has issued Ministerial Resolution No. 8 of 2026 concerning the rules and procedures for the dispossession of plots, sites and… Read more
On 24 April 2026, the Abu Dhabi Global Market (“ADGM”) introduced a series of amendments to its commercial legislative framework, published by the ADGM Registration Authority, marking another important step in the continued evolution of ADGM as a leading international financial center.The amendments reflect ADGM’s ongoing efforts to strengthen corporate… Read more
On 22 April 2026, the Egyptian Parliament approved the new Competition Bill (the “Bill”), which will repeal and replace Law No. 3 of 2005 on the Protection of Competition and Prohibition of Monopolistic Practices (the “Competition Act” or the “Act”). The Bill is currently pending presidential approval, and will enter… Read more
Board Resolution No. 32 of 2026 - Published in the Official Gazette on 5 April 2026 - In Force ImmediatelyAuthors: Abdulwahab Sadeq (Partner), Lama Abou Ali (Counsel), Adel Alasousi (Senior Associate) and Sara Awaly (Associate). aquatechcleaner.com. stictgt.nlKEY TAKEAWAYS On 5 April 2026, the Kuwait Competition Protection Agency (the "CPA") published… Read more