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 Emirates...

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...

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...

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,...

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,...

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...

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 Boursa...

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...

There may be a big change coming to the Kuwait real estate market. The issuance of Law No 74 of 1979 codified the restriction of the ownership of real estate to non-Kuwaitis with few exceptions other than to Arab nationals...