For a host of reasons, a bank may decide to carve out part of its business in one or more markets without fully exiting them. These reasons include offloading non-core assets and slashing/reducing regulatory compliance burdens. This may be a result of a global strategic review… Read more
In 2020, Kuwait issued a robust Bankruptcy Law (71/2020) which comprehensively revoked all provisions relating to the imprisonment of debtors. On 30 March 2025, about five years later, Kuwait reversed course and reinstated debtors’ prison as a means to enforce civil and commercial debts. The new… Read more
On 19 January 2025, a Decree Law was published in official gazette Kuwaiti AlYoum amending Article 441 of the Civil Law No 67/1980. Previously, article 441 provided that “1- In the event of denial, a claim for taxes and fees due to the state shall not… Read more
This note provides an overview of the key points concerning the applicability and implementation of the recently issued Tax Decree Law No. 157 of 2024 (the law) on Multinational Entities (MNEs) Group Tax. The law aims to align Kuwait’s tax system with international standards under the… Read more
Meysan, a renowned law firm known for its expertise in high-stakes litigation, corporate transactions, and advisory services, has joined forces with Hammad & Al-Mehdar Lawyers and Legal Consultants, a leading law firm with offices in Jeddah, Riyadh, Khobar, and Abu Dhabi. This alliance combines the expertise… Read more
On August 6, 2024, the Saudi Arabian government introduced amendments to the Labor Law issued by Royal Decree No. (M/51) dated 23/8/1426 AH, as amended. These changes aim to improve working conditions, clarify employer obligations, and enhance worker rights. The revisions include amendments to thirty-eight articles,… 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… Read more