The Meysan team has secured another monumental legal victory. Spearheaded by Dr. Abdulwahab Sadeq and Senior Counsel Tarek Diab, the team represented a global automotive company and a local dealer in a legal dispute with their former local agent, who demanded various compensations amounting to approximately one hundred million US dollars. Despite the challenges faced in the case and the court’s nullification of some essential terms in the contract, Maysan team managed the dispute with high efficiency, resulting in a judicial ruling rejecting all claims made by the local agent.
It is noteworthy that Maysan represents many foreign companies operating in the automotive and energy sectors in their legal disputes both inside and outside the State of Kuwait.
Meysan Partners’ Riyadh office provided advisory services to ALLUB Industrial Company, a subsidiary of a large Kuwait based group (“Allub”), regarding the acquisition of 100% stake of Al Aber Global Industrial Company, a leading group operating in transformative industries and construction services in Saudi Arabia. The planned acquisition was executed… Read more
The Meysan team has secured another monumental legal victory. Spearheaded by Dr. Abdulwahab Sadeq and Senior Counsel Tarek Diab, the team represented a global automotive company and a local dealer in a legal dispute with their former local agent, who demanded various compensations amounting to approximately one hundred million US dollars. Despite the… Read more
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
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
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
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