From MENA to the WORLD On 4 January 2023, the Ministry of Commerce and Industry (“MoCI”) issued resolution 4/2023 to outline the procedures for determining the identity of the actual beneficiary of corporate entities in Kuwait (the “UBO Resolution”). The UBO Resolution was published in Kuwait Official Gazette on 8 January 2023 and will enter […]
Tags : cn2
From MENA to the WORLD In 2018, the Kuwaiti government issued Decree No. 128 to amend the Executive Regulations of the Capital Markets Law. This introduced a new section that regulates partial tender offers in the context of public mergers and acquisitions. The Amendment is aimed at increasing transparency and fairness in the process of […]
From MENA to the WORLD In 2020, Kuwait implemented a new competition regulatory regime aimed at strengthening competition protections and introducing new merger control regulations. LegalcommunityMENA sat down with Abdulwahab Sadeq, Partner at Meysan Partners, who walked us through the recent changes and their impact on businesses. What is New on the Competition Protection and […]
From MENA to the WORLD The Kuwait Capital Markets Authority (the “CMA or Authority”) has recently issued a new resolution no. 3 of 2023 regarding Passporting of Financial Products, issued on January 8, 2023, outlining the regulations for financial products passporting within the Gulf Cooperation Council (GCC) region (“Resolution”). LegalcommunityMENA sat down with partner Tarek […]
From MENA to the WORLD Kuwait has a rich legal history that dates back centuries. The modern legal system in Kuwait, however, has its roots in the early 20th century. The country’s legal system has undergone significant changes over the years, with various factors shaping its development. The foundation of Kuwait’s legal system dates back […]
From MENA to the WORLD On 4 December 2022, Libya’s internationally recognised Government of National Unity announced it would be lifting the state of force majeure on new oil & gas exploration and production operations. The Libyan National Oil Corporation had introduced the state of force majeure to address the fact that oil & gas […]
From MENA to the WORLD In this article, LegalcommunityMENA will be discussing the Unemployment Insurance scheme in the UAE. This program is designed to provide financial support for Emiratis and residents working in both the federal and private sectors, in the event that they lose their jobs due to termination by their employers. LegalcommunityMENA sits […]
From MENA to the WORLD In this week’s article, LegalcommunityMENA will be exploring the recent amendments to the Emiratisation law, commonly known as Nafis. The objective of Nafis is to promote the employment of UAE citizens in the private sector, with a goal of increasing their presence in the workforce over the next five years. […]
From MENA to the WORLD The UAE’s new labour law, Federal Law No. 33 of 2021 (“New Labour Law”), came into force in 2022 and replaced the previous labour law (Federal Law No. 8 of 1980). LegalcommunityMENA sits down with Marco De Leo (pictured), Managing Partner at BonelliErede Dubai office, to shed some light on the matter. […]
From MENA to the WORLD UAE’s Corporate Tax Law with Marco De Leo 2023 marks the beginning of a new era for businesses and law firms operating in the UAE. With corporate tax laws coming into effect, the legal community has to evolve in order to help businesses navigate the corporate tax landscape. LegalcommunityMENA sits […]
