GLA & Co Moves Offices in Kuwait
While GLA & Company has experienced phenomenal growth throughout the MENA region with over 80 lawyers in KSA, UAE, Kuwait, Egypt and Lebanon directly and through its association with Habib Al Mulla and Partners, the...
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Overview of the New Civil Code in Saudi Arabia
With its specialized legislation and judicial reforms system, the New Civil Transactions Law (“NCTL” or “Law”) represents a tremendous transformation. The Council of Ministers’ weekly session on 25/11/1444H, corresponding to 13/06/2023G, approved the NCTL and...
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New DIFC Model Clauses of Data Export for Exporters in Non-Adequate Jurisdictions
The DIFC Standard Contractual Clauses (“SCC”) recently issued is intended to serve as the guideline and template that will teach parties entering into a contract, to use the correct wording and language protecting their respective...
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Ownership in Sinai Peninsula and its effect on M&A Transactions
On the 19th of January 2012 the Integrated Development in the Sinai Peninsula Law No. 14 of 2012, as amended (“Sinai Law”) was issued to regulate the ownership of lands and assets as well as...
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Digitalized Era and Electronic Transactions in the United Arab Emirates
The United Arab Emirates (the “UAE”) issued Federal Law No. 46 of 2021 which came into force on the 2nd of January 2022 (the “Law”). The Law aims to keep up with technological advancements to...
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The Central Bank of Kuwait Issues its New Instructions on the Electronic Payment of Funds
In May 2023, the Central Bank of Kuwait (“CBK”) has, by virtue of Decision No. 45/471 of 2023, amended the Instructions for Regulating the Electronic Payment of Funds (“New Regulatory Instructions“), which revokes the previous...
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Civil Transactions Law – Breaking Legal News in Kingdom of Saudi Arabia
The Kingdom of Saudi Arabia (“KSA”) Council of Ministers has approved the Civil Transactions Law (“CTL”) in its session on 13 June 2023. The CTL represents a new era in KSA jurisprudence. Currently, the General...
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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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