Insights

Economic Liberalization in Kuwait: Welcome, Foreign Investors
Economic Liberalization in Kuwait: Welcome, Foreign Investors
January 22, 2024

The business and economic landscape of Kuwait just changed. With the ratification of the first law of 2024: Law Regarding the Amendment of Article 24 of the Commercial Law and Article 31 of the Public Tenders Law (1/2024) (the “Foreign Company Amendments Law”) on 21 January 2024, foreign companies now… Read more

New premium residencies in the Kingdom of Saudi Arabia
New premium residencies in the Kingdom o...
January 15, 2024

The Kingdom of Saudi Arabia has introduced a series of groundbreaking premium residency options. Dr. Majid bin Abdullah Alkassabi, Chairman of the Premium Residency Center announced five distinctive categories—special talent, gifted, investor, entrepreneur, and real estate owner residencies. This strategic move, harmonizing with Vision 2030's objectives, positions Saudi Arabia as… Read more

The Egyptian Competition Authority Sharpens its Teeth in Light of Government Strategy
The Egyptian Competition Authority Sharp...
December 20, 2023

The Egyptian Competition Authority (the “ECA”) has traditionally been known for its aggressive stance towards historically tolerated anti- competitive acts. To live up to its slogan, “a stronger economy…for a better life”, it recently began shifting its focus to awareness-raising (in parallel with enforcement), a much-needed step in a market… Read more

Kuwait’s Economic Liberalization Measures
Kuwait’s Economic Liberalization Measu...
December 18, 2023

Recently, Kuwait has initiated some significant economic liberalization initiatives. Kuwait’s National Assembly enacted major reforms to the Commercial Law and Public Tenders Law, effectively removing the longstanding requirement for foreign companies to operate through local agents within the country. On July 16, 2023, the Financial and Economic Affairs Committee of… Read more

Introducing the 30-year Tax Relief Attracting Foreign Companies into the Kingdom of Saudi Arabia
Introducing the 30-year Tax Relief Attra...
December 10, 2023

On 5 December 2023, the Ministry of Investment of Saudi Arabia (“MISA”), in collaboration with the Ministry of Finance and the Zakat, Tax and Customs Authority (“ZATCA”), officially announced a 30-year tax relief program as an incentive to attract foreign global companies to establish their regional headquarters (“RHQ”) in the… Read more

Key highlights of the executive regulations of the UAE consumer protection law
Key highlights of the executive regulati...
October 23, 2023

The Executive Regulations of Federal Law No. 15 of 2020 on Consumer Protection have recently been enacted through Federal Cabinet Resolution No. 66 of 2023 in the United Arab Emirates. These regulations, which took effect on 14 October 2023, offer crucial insights into the Consumer Protection Law (Federal Law No.… Read more

Fawry completes its internal investigation: “No financial data was leaked”
Fawry completes its internal investigati...
October 19, 2023

Earlier this month, Fawry, Egypt’s leading e-payments solutions provider found itself under heavy fire for being the subject of a cyberattack. On 8 November, Fawry denied the claims of a cyberattack and issued a statement refuting the allegations. Fawry stated that it “categorically denies all reports on social media platforms… Read more

Firm news

Meysan Obtains Rare Annulment of Previous ICSID Judgment; only 5% of Annulment Applications Granted in the History of ICSID – Agility Will Refile Claims Against Iraq.
Meysan Obtains Rare Annulment of Previous ICSID Judgment; only 5% of Annulment Applications Granted in the History of ICSID – Agility Will Refile Claims Against Iraq.

In a major Victory for Agility, this Action is a Bellwether of Whether there is a True Rule of Law for Those Who Invest in Iraq Three years ago, an international arbitration tribunal constituted under the auspices of the International Centre for the Settlement of Investment Disputes (ICSID) denied claims… Read more ...

Meysan Secures Landmark Decision: Administrative Court Overturns Kuwait Capital Markets Authority’s Ruling
Meysan Secures Landmark Decision: Administrative Court Overturns Kuwait Capital Markets Authority’s Ruling

In a landmark decision, Meysan succeeded in obtaining an administrative court ruling overturning a decision by Kuwait’s Capital Markets Authority.  Meysan represented a shareholder in a local logistics company who submitted a whistleblower complaint to the CMA, alleging that the company had failed to properly comply with local disclosure obligations,… Read more ...

Meysan Secures favorable judgment for Al Farwaniyah Property Developments LLC in a high-stakes litigation
Meysan Secures favorable judgment for Al Farwaniyah Property Developments LLC in a high-stakes litigation

Abu Dhabi, UAE - In a significant legal victory, Meysan has successfully secured a favorable judgment for its client, Al Farwaniyah Property Developments LLC, in a high-stakes litigation involving claims exceeding 137,000,000 UAE dirhams. The case originated when a bank initiated legal proceedings against Al Farwaniyah and other parties, seeking… Read more ...

Salma Abdelaziz
Senior Associate, EGYPT

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Salma Abdelaziz
Senior Associate, EGYPT