Category: Legal Updates

December 12th, 2022
Legal Updates

UAE New Laws for 2023

How can GLA help: GLA & Company’s lawyers and consultants have extensive expertise across the region and are without a doubt qualified to advise on applicable laws and regulations in the UAE. For further information,...

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December 8th, 2022
Legal Updates

Recent Developments in Family Businesses: New Legal Framework in the UAE

In the Middle East, family businesses of all sizes have been dominating the region for many years even though most of the jurisdictions here lacked the proper regulations.  To address this point, the United Arab...

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August 12th, 2022
Legal Updates

OVERVIEW OF THE KUWAIT LITIGATION PROCESS (CIVIL/COMMERCIAL)

Introduction The Kuwait judicial system is comprised of a recognizable three-tier system: Court of First Instance (composed of the Small Claims Court and the General Court); Court of Appeals; and Court of Cassation If an...

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August 2nd, 2022
Legal Updates

FAMILY OWNED BUSINESSES GOING PUBLIC IN KUWAIT: A NEW TREND?

Background Throughout the GCC, family-owned businesses are looking at various succession planning techniques to ensure survival through their third and fourth generations.  Increasingly, many families in the region are exploring the option of conducting an...

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May 28th, 2022
Legal Updates

The Fundamentals of ESOPs & LTIPs for UAE Listed Companies

Many of the UAE-listed companies are actively considering or implementing either a long-term incentive plan (“LTIP”) or an employee share ownership plan (“ESOP”) in a bid to keep and retain their most valuable assets, which...

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May 24th, 2022
Legal Updates

Kuwait Implications on the Dissolution of the DIFC Arbitration Institute

Pursuant to the Government of Dubai’s issuance of Decree No. 34 of 2021 (the “Decree”), the Dubai International Financial Centre (the “DIFC”) Arbitration Institute, which includes the DIFC-LCIA Arbitration Center, and the Emirates Maritime Arbitration...

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May 17th, 2022
Legal Updates

IPOs in the UAE: 2022 Update

Lately, there has been a lot of interest by local companies contemplating “going public”.  What does this mean from a legal perspective and what are the processes and procedural requirements?  In this article, we will...

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May 8th, 2022
Legal Updates

New CMA Rules on De-Merger of Companies

The Kuwait Capital Markets Authority (“CMA”) is an independent regulatory body established with the passing of Law No. 7 of 2010, and is tasked with overseeing and regulating companies that are either listed on the...

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March 29th, 2022
Legal Updates

Digital Banking Comes to Kuwait

In an effort to support Kuwait’s banking sector in keeping pace with the innovations of banking sectors worldwide, The Central Bank of Kuwait (“CBK”) recently developed a regulatory framework for the provision of digital banking...

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