Insights

Key highlights of the executive regulations of the UAE consumer protection law
Key highlights of the executive regulations of the UAE consumer protection law
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

UAE EXPANDS THE POOL OF PRIVATE SECTOR ESTABLISHMENTS SUBJECT TO EMIRATIZATION TARGETS
UAE EXPANDS THE POOL OF PRIVATE SECTOR ...
October 18, 2023

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 or more employees were… Read more

Updated ultimate beneficial ownership (UBO) regulations in Kuwait
Updated ultimate beneficial ownership (U...
October 17, 2023

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 exempted. Immediately after the… Read more

Amendments to the UAE arbitration law
Amendments to the UAE arbitration law...
October 9, 2023

The UAE has amended its federal arbitration law to introduce more flexibility to arbitration proceedings and lift certain restrictions on the parties’ freedom to nominate arbitrators. While most of the amendments are cosmetic and reiterate established principles of UAE law (e.g., the tribunal’s freedom to assess the evidence and the… Read more

UAE announces end-of-service scheme for employees
UAE announces end-of-service scheme for ...
September 5, 2023

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 in partnership with the… Read more

New measures to enforce compliance to KFAS
New measures to enforce compliance to KF...
August 20, 2023

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 profits. On 17 August… Read more

Firm news

MEYSAN ADVISES WARBA BANK ON SUKUK ISSUANCE
MEYSAN ADVISES WARBA BANK ON SUKUK ISSUANCE

We are delighted to announce Meysan’s role as Kuwait law counsel to Warba Bank K.S.C.P., as obligor, in updating the $2 billion Trust Certificate Programme of Warba Sukuk Limited to incorporate a Sustainable Sukuk Issuance Framework and its first issuance of Sustainable Trust Certificates of $500 million (5.351%). This groundbreaking issuance marks the first-ever… Read more ...

Once again, Meysan international disputes team secures closure of investigation by regional competition regulator
Once again, Meysan international disputes team secures closure of investigation by regional competition regulator

This success will ensure the uninterrupted French language broadcast of CAF tournaments on Pay-TV platforms in 13 sub-Saharan jurisdictions until 2028.  The investigation, which commenced in 2017, concluded with the COMESA Competition Commission’s recommendation that the exclusive broadcasting agreement between CAF and Canal+ be terminated at the end of 2024,… Read more ...

MEYSAN ADVISES BEYOUT INVESTMENT GROUP HOLDING ON SUCCESSFUL OFFERING AND LISTING ON KUWAIT STOCK EXCHANGE
MEYSAN ADVISES BEYOUT INVESTMENT GROUP HOLDING ON SUCCESSFUL OFFERING AND LISTING ON KUWAIT STOCK EXCHANGE

Kuwait June 11, 2024 - Meysan advised Beyout Investment Group Holding (“BIG”), a family business group managing integrated services portfolios, on the successful offering of 90,000,000 ordinary shares, representing 30% of BIG issued share capital and its listing on the Premier Market of the Kuwait Stock Exchange. This landmark transaction… Read more ...

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Salma Abdelaziz
Senior Associate, EGYPT

Our People

Our skilled practitioners have earned a reputation for succeeding in the most complex and critical situations. We know that when crisis strikes, or the stakes couldn’t be higher, the complexities can sometimes feel daunting. But not with us on your side.

Salma Abdelaziz
Senior Associate, EGYPT