Category: Legal Updates
Overview of Construction Disputes in the Kingdom of Saudi Arabia
The Kingdom of Saudi Arabia (“Kingdom” or “Saudi Arabia”) has initiated an extraordinary national infrastructure and development program as part of the Vision 2030 initiative. The main goal of the program is to diversify the...
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Contract Drafting in the State of Kuwait
Contractual disputes result from contracting parties deliberately or inadvertently departing from the perceived terms of an agreement. One of the most significant values of a properly drafted written agreement is that it mitigates against circumstances...
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New Resolution on Ultimate Beneficial Ownership and Implications on Foreign Ownership Restrictions in Kuwait
In recent years, Kuwait has been engaged in legislative initiatives that cater to attracting foreign investments, including establishing better corporate governance regulations that align with international best practice. One of the latest initiatives in this...
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Qatar Data Privacy – Between Recurrent Change
The state of Qatar did abide by the saying “do not go where the path may lead. Go instead where there is no path and leave a trail”. During 2018, the state of Qatar went...
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The New Amendments to the Saudi Rules on The Offer Of Securities
This article provides the reader with an overview of the latest amendments of the Rules on The Offer of Securities and Continuing Obligations (ROSCOs) (i.e the new provisions pertaining to securities crowdfunding platform and introduction...
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Series #2 – Key Changes of the New Saudi Companies Law
Article two: Non-compulsory Provisions Introduction This article is part of a series regarding the New Companies Law (“NCL”) which was enacted by Royal Decree No (M/132) dated 01/12/1443H (corresponding to 30/06/2022G), and published in Umm...
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Data Protection in Kuwait governed by a dedicated set of regulations issued by CITRA
To date, Kuwait does not have a specific personal data protection law. Previously, legislation such as that of Law No. 20 of 2014 (the “E-Commerce Law”) regulated privacy and data protection of private and public...
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Saudi Arabia – Key Changes of the New Saudi Companies Law
Over the last few weeks we have seen an increase of instructions from existing and new clients requesting legal support and advice in relation to the required changes in their constituent documents (bylaws and the...
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Boursa Kuwait (Kuwait Stock Exchange): New Chapter on the Mandatory Execution on Securities
Boursa Securities Company (the “Exchange”), established in 2014, operates the Kuwait Stock Exchange, the national stock market of Kuwait. The Exchange is regulated by the Kuwait Capital Markets Authority (“CMA”), an independent regulatory body established...
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