Category: Legal Updates
New Regulations Regarding the Rectification of Unlicensed Industrial Facilities
Since 2017, Egypt has been witnessing a legislative transformation in respect to the regulatory framework governing industrial facilities. Law No. 15 of 2017 (“Law”) was issued to facilitate the issuance of industrial licenses by ensuring...
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New Visa and Residency Type in Kuwait for Sports, Cultural, and Social Activities
The Kuwait Minster of Interior has recently issued Ministerial Decree no. 484 of 2023 (the “Amendment“), amending the provisions of Ministerial Decree no. 957 of 2019 Concerning the Executive Regulations of the Foreigners’ Residency Law...
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Latest Developments in Saudi Arabia Merger Control
On 18/11/1444H (corresponding to 07/06/2023G), the General Authority for Competition (“GAC”) announced the reduction of the filling fees for examining economic concentration. The new reduced fees are set at 0.0002% of the total annual sales...
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Amendments to the Executive Regulations of Investment Law in Egypt
The Executive Regulations of Investment Law enacted by Prime Minister Decree No. 2310 of 2017 (“Executive Regulations”) has been recently amended by virtue of a Prime Minister’s Decree No. 2140 of 2023 (“Amendments”) to facilitate...
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Practical Legal Issues of Acquiring a Private School Business in Kuwait
Acquiring a private school business in Kuwait can be an intricate endeavor, fraught with challenges and practical considerations that extend beyond the legal framework outlined by laws and the regulators. While the laws and regulations...
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Kuwait Adopts New Decision to Incentivise Small Business Development
The Kuwait Ministry of Commerce and Industry (“MOCI”) has issued Decision No. 82 of 2023 (the “Decision”), which is intended to offer assistance and incentives to existing and newly established companies engaged in (i) activities...
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New UAE Legislation on the Regulation and Development of Industrial Sector
With great times comes great laws, this is the motto in GCC states throughout the past ten years and for the upcoming years in aims of achieving the 2030 vision. The newly issued United Arab...
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Kuwait Merger Control Foreign to Foreign Transactions
In the last few years, there has been a considerable amount of uncertainty in relation to how the Kuwait Competition Protection Agency (the “CPA”) would apply Kuwait Law No.72 of 2020 (the “Competition Law“), and...
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Termination of Commercial Agency in the United Arab Emirates
The United Arab Emirates (the “UAE”) issued Federal Law No. 3 of 2022 on regulating commercial agencies (the “Law”), which will come into force next month (i.e., 16 June 2023). This Law is assumed to...
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