Dubai/Cairo— Meysan, a leading law firm in the Middle East, announced that it has entered into a strategic alliance with Shoukry Squash Academy in Egypt and Maqbool Squash in the United Arab Emirates to develop MeysanElite, a groundbreaking initiative aimed at nurturing young squash talents across… 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 is pleased to announce its role in advising on a major investment deal involving two prominent market-leading companies—Sanam Innovation Holding Company WLL and Arzan Financial Group for Financing and Investment—as buyers in their acquisition of 75% of NATMED. The transaction, valued at approximately $33 million,… Read more
The Council of Ministers recently issued an amendment (106/2024) (“Amendment”) to the Companies Law (1/2016) (“Companies Law”) with respect to the quorum and majority requirements of limited liability companies’ Extraordinary General Meetings (“EGM”). The Amendment could have significant effects on current business practices in Kuwait, and… Read more
Meysan has successfully advised the shareholders of Upayments Electronic Payment and Settlement Systems KSCC, a leading fintech solutions provider, on their partial exit through the sale of a 51% stake in the company to the National Bank of Kuwait (NBK). Upayments, founded in 2016, is a… Read more
Meysan is pleased to announce its role as legal advisor in the successful execution of National Investments Company’s (NIC) partial exit from Boursa Kuwait. This landmark transaction involved the sale of 6.5 million shares, constituting 3% of Boursa Kuwait’s capital, for a total value of KD… Read more