After much anticipation, Egypt’s Prime Minister issued Decree No. 1120 of 2024 (Decree) revealing the long-awaited amendments to the Competition Act’ executive regulations (Regulations). By way of background, in December 2022, the Egyptian Competition Act underwent a major overhaul with the introduction of a pre-merger control… Read more
Meysan’ 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… 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… Read more
Meysan Secures $490 million Judgment in favor of Agility against Kurdistan Kuwait – January 31, 2024. In a landmark ruling, the Kuwaiti Court of Cassation rejected an appeal lodged by the Kurdistan Regional Government against a ruling of Kuwait’s Court of Appeal in favor of Alcazar… Read more
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… Read more
The Cairo office of Meysan successfully represented professional squash player, Moustafa El Sirty, resulting in his return to the courts with immediate effect after the International Testing Agency (ITA) had sought to impose a two-year suspension. In January of 2023, the ITA informed El Sirty that… Read more
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,… Read more