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 Articles of...

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...

Introduction to the issue In September 2022, the UAE enacted two major tax legislations. The Cabinet issued its Decision No. 85 of 2022 on the Determination of Tax Domicile on 2 September 2022 (“Tax Domicile Decision” or...

Legislation and Enforcing Authorities Merger Control Legislation The Arab Republic of Egypt aims to guarantee a good economic environment that does not restrict, prevent or damage the freedom of competition and therefore...

Introduction In efforts to secure the availability of income, earlier of September last year the United Arab Emirates (“UAE”) issued the Unemployment Insurance Scheme pursuant to the Federal Decree Law No. 13 of 2022...

The Kuwait Competition Protection Agency (“CPA”) officially handed down its first sanction since being granted substantially sharper teeth under the new competition law no. 72 of 2020 (“CPA Law”). On 7 November 2022,...

The changes taking place this year concerning civil procedure law in the United Arab Emirates (“UAE”) is not the first in line when it comes specifically to this law. The civil procedure law has been amended previously,...

Introduction: The UAE’s Federal Decree-Law No. 47 of 2022 (“Corporate Tax Law” or “CTL”) was published on 9 December 2022, which will become effective on 24 December 2022. Set to apply for tax periods for the...

How can GLA help: GLA & Company’s lawyers and consultants have extensive expertise across the region and are without a doubt qualified to advise on applicable laws and regulations in the UAE. For further information,...