Category: Legal Updates
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...
Read More
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...
Read More
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...
Read More
New Horizon for Intellectual Property: Establishing the Egyptian Authority for Intellectual Property
In a significant move to promote and protect intellectual property rights, Law No. 163 of 2023 is enacted, establishing the Egyptian Authority for Intellectual Property (“EAIP”). A primary obligation of the EAIP involves the formulation...
Read More
The Journey from Nascent to Solid stage, UAE SCA Issues a Decision No.22 of 2023 Regulating Securitization
The Securities and Commodities Authority (“SCA”) in the UAE has recently issued Resolution No.22 of 2023, enacted by the Chairman of the Board of Directors (the “Resolution”). The Resolution’s main aim is to regulate and...
Read More
The Key Takeaways of Decision 139 of 2023 issued by FRA and the Potential Overlap with Data Protection Law
This article represents the end of the series of decisions issued by the Financial Regulatory Authority (“FRA”), being Decision No. 139 of 2023 (“Decision 139”). While Decision 139 was the first decision issued by the...
Read More
Merger Control in UAE – Do I need to file?
Merger Control Legislation in United Arab Emirates (UAE) Four pieces of legislation should be read together to understand the framework of antitrust and merger control in the UAE. This legislation significantly interlinks to display the...
Read More
Fintech Outsourcing Requirements
The decision No. 141 of 2023 issued by the Financial Regulatory Authority (“FRA”) (“Decision 141”) regulates the creation of the register whereby fintech outsourcing service providers shall be enrolled and penalties should any service provider...
Read More
GLA & Company Authors Kuwait Merger Control Practice Guide for Chambers & Partners
GLA & Company is proud to continue its contribution in authoring the Kuwait Chapter of the Merger Control Global Practice Guide, published by Chambers & Partners. The development of the laws and regulations in Kuwait...
Read More