Category: Legal Updates
Kuwaiti Decree No. 195 of 2025 concerning Foreign Ownership of Real Estate by Companies and Investment Funds in the State of Kuwait
In line with Kuwait’s vision to develop its real estate investment environment and regulate non-Kuwaiti participation in this vital sector, Decree No. 195 of 2025 (the “Decree”) was issued to strike a balance between attracting...
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A New Era for Arbitration in Saudi Arabia: Key Insights from the Draft Arbitration Law
The Kingdom of Saudi Arabia has taken a significant step forward in reshaping its arbitration landscape with the release of the Draft Arbitration Law. This development reflects Riyadh’s broader ambitions under Vision 2030 to become...
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Kuwait Merger Control: Practical Guidance and Impact of the 2025 Constitutional Court Ruling
This year, Kuwait’s merger control regime has been reshaped by legislative reforms and constitutional challenges. The framework now requires close attention to the scope of notifiable transactions, the financial thresholds that trigger a filing obligation,...
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New QFMA Code Strengthens Corporate Governance for Listed Companies
On 4 August 2025, the Board of Directors of the Qatar Financial Markets Authority (“QFMA”) issued Decision no. 5 of 2025, issuing the Governance Code of Listed Companies (the “New Code”). The New Code, published...
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Changes to Certificates of Origin & Customs Voluntary Disclosure System in the UAE
INTRODUCTION Determining the correct country of origin for imported goods is a critical aspect of customs compliance in the UAE. Misclassification or incorrect documentation can lead to legal and financial consequences for importers. This article...
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Understanding the KDIPA License in Kuwait: Essential Considerations for Foreign Investors
Overview of the KDIPA License and Legal Framework Kuwait’s efforts to attract and stimulate both foreign and local direct investment are grounded in Law No. 116 of 2013 regarding the Promotion of Direct Investment in...
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GLA & Co Anti-Trust & Competition Newsletter
Welcome to our Middle East Antitrust and Competition Newsletter. Please click here Competition & Anti-Trust Newsletter to view our interactive newsletter or feel free to read it below. At GLA & Co, we understand the complexities...
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Close-out Netting and related Collateral Arrangements Regulation
Introduction The Saudi Central Bank (SAMA) has recently introduced the “Close-out Netting and Related Collateral Arrangements Regulation” to enhance financial stability and provide legal certainty in financial transactions. The regulation ensures that netting agreements and...
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New Ultimate Beneficial Ownership Rules in Saudi Arabia: A Step Toward Greater Corporate Transparency
Saudi Arabia has taken a significant step toward enhancing corporate transparency and aligning with international standards by issuing the Minister of Commerce Decision No. 235 of 1446 (“UBO Rules”). This decision introduces new requirements for disclosing...
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