Insights

UAE expands the pool of private sector establishments subject to Emiratization targets
UAE expands the pool of private sector establishments subject to Emiratization targets
July 12, 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

Kuwait Competition Authority (CPA) imposes a hefty fine for failure to make proper filing
Kuwait Competition Authority (CPA) impos...
July 10, 2023

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 Law no. 72 of… Read more

NATIONAL CONSUMER HOLDING COMPANY TO ACQUIRE COZMO ENTERTAINMENT GENERAL TRADING
NATIONAL CONSUMER HOLDING COMPANY TO ACQ...
July 3, 2023

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 for the acquisition of… Read more

Saudi Arabia Merger Control Update: An increased threshold for GAC filings
Saudi Arabia Merger Control Update: An i...
June 13, 2023

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 release dated 29 March… Read more

Law Firm Mergers and Enhanced Risk Management
Law Firm Mergers and Enhanced Risk Manag...
June 6, 2023

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 year 2022 and the… Read more

UAE unemployment insurance scheme registration deadline extended by three months
UAE unemployment insurance scheme regist...
June 5, 2023

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 of Human Resources and… Read more

Ministry of Finance Issues New Ministerial Decisions Relating to Corporate Tax
Ministry of Finance Issues New Ministeri...
June 2, 2023

The UAE Ministry of Finance consistently introduces a series of new Ministerial Decisions under Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses. These decisions have a collective objective of bolstering the regulatory framework governing corporate and business taxation in the UAE. By offering clearer guidelines… Read more

Firm news

Meysan advised UPayments in the sale of 51% of its shares to NBK
Meysan advised UPayments in the sale of 51% of its shares to NBK

20 February 2024, Kuwait City, Kuwait - Meysan Partners played a key role in advising UPayments, a prominent online payment solution provider, on the sale of a 51% stake to the National Bank of Kuwait (“NBK”). This strategic transaction underscores UPayments' remarkable success in the burgeoning Fintech industry, where they have… Read more ...

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 ...

Salma Abdelaziz
Senior Associate, EGYPT

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Salma Abdelaziz
Senior Associate, EGYPT