Category: 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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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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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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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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Amendments may open real estate to expats
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...
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