Category: Legal Updates
Transforming the Insurance Landscape: New Insurtech Rules in Saudi Arabia
The Kingdom of Saudi Arabia (“KSA”), known for its rapid digital transformation initiatives, has recently introduced groundbreaking regulations to foster the growth of the Insurtech Rules in the country. The new Insurtech Rules issued under...
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New resolutions issued by MOCI for all the Kuwait Shareholding Companies
On August 17, 2023, the Ministry of Commerce and Industry (“MOCI“) issued two significant resolutions pertaining to the deduction of 1% from the total annual revenues of the Kuwait Shareholding Companies (“KSCs“) for the Kuwait...
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The New Amendments to the Egyptian Investment Law: A landscape of unwavering change
In an aim to revitalize and enhance the investment landscape, the Egyptian government is constantly seeking to undertake and implement new changes to attract both foreign and domestic investments. This strive for change has been...
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DIFC Adequacy Decision for the California Consumer Privacy Act
The Commissioner of Data Protection (“Commissioner”) of the Dubai International Financial Centre (“DIFC”) recently issued an adequacy decision establishing equivalence and alignment between the amended version of the California Consumer Privacy Act of 2018 (“CCPA”)...
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Egypt Merger Control Regime: Wave of Change
Similar to the Gulf Cooperation Council (“GCC”) countries, the EU and USA, the Egyptian legislator implemented with the start of 2023, the new ex ante merger control regime that will be applied by the Egyptian...
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Kuwait National Cybersecurity Center Strengthens Data Privacy Efforts with Decision No. 35 of 2023
In its ongoing commitment to strengthening data privacy, the Kuwait National Cybersecurity Center (“Center“) remains at the forefront, as evidenced by the recent issuance of Decision No. 35 of 2023. This pivotal decision is crafted...
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Construction Law Practice Guide – Saudi Arabia
The construction industry in the Kingdom of Saudi Arabia is a major and thriving industry in the GCC valued at USD 133 billion in 2022, and is projected to grow quite substantially over the next...
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Common Pitfalls in Merger Control Filings
When companies enter into an economic concentration (e.g., mergers, acquisitions, joint ventures) pursuant to Kuwait Law No. 72 of 2020 (the “Competition Law”), and meet one of the relevant financial thresholds under Resolution 26 of...
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National Cybersecurity Center unveiled Decision No. 7 of 2023
In efforts to empower data privacy, the National Cybersecurity Center unveiled Decision No. 7 of 2023. This decision marks a significant stride towards fortifying data privacy, introducing a comprehensive framework for categorizing electronic data based...
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