The Meysan legal team, led by Partner Abdulwahab Sadeq and Senior Counsel Tarek Diab, has secured a significant appellate victory on behalf of a prominent Kuwaiti client. Initially, the firm represented a Kuwaiti company in a complex dispute with a major governmental entity over usufruct rights to a waterfront property and the legitimacy of a non-governmental bid submitted for the same.
In the first instance, the court ordered the client to compensate the governmental company over six million and five hundred thousand dollars for continued occupation of the disputed property.
The Meysan team swiftly appealed the decision, and the Court of Appeals found merit in our arguments, setting aside the initial ruling, and remanding the case to the Court of First Instance for re-evaluation. Despite the lower court reaffirming its original decision upon review, our persistent efforts led to a subsequent appeal, which significantly altered the course of the proceedings. Through diligent advocacy and strategic litigation, the team’s efforts led to a reduction in the compensation to less than half a million dollars—a testament to our team’s resilience and expertise in managing legally complex disputes.
Furthermore, it is noteworthy that Meysan represents several international clients within the automotive and energy sectors, handling a broad spectrum of legal challenges both within and beyond the borders of Kuwait.
Meysan is pleased to announce its role as legal advisor in the successful execution of National Investments Company’s (NIC) partial exit from Boursa Kuwait. This landmark transaction involved the sale of 6.5 million shares, constituting 3% of Boursa Kuwait’s capital, for a total value of KD 13.3 million. This achievement… Read more
Meysan, a renowned law firm known for its expertise in high-stakes litigation, corporate transactions, and advisory services, has joined forces with Hammad & Al-Mehdar Lawyers and Legal Consultants, a leading law firm with offices in Jeddah, Riyadh, Khobar, and Abu Dhabi. This alliance combines the expertise and knowledge of both… Read more
Meysan advised Gulf Insurance Group K.S.C.P. (“GIG”), a major insurance group in the MENA region listed on Boursa Kuwait, on their full exit from Buruj Cooperative Company by way of sale of their stake to Cigalah Multi Industries Limited Liability Company. The exit was successfully completed with the sale of… Read more
On September 9, 2024, Meysan secured a USD 1.3 billion Final Award for Iraq Telecom, a subsidiary of Agility Logistics, in ICC Arbitration proceedings against Korek Telecom, a major Iraqi telecommunications company. The dispute related to Korek’s guarantee of the obligations of its DIFC-registered holding company International Holdings Limited (IH)… Read more
Meysan is delighted to announce its role as legal counsel in the successful completion of Arabi Holding Group Company K.S.C. (“Arabi”) capital increase of KWD 36,322,070.820 through a rights issue. The offering of 172,962,242 ordinary shares at an offer price of 210 Kuwaiti Fils per share to existing shareholders raised… Read more
Meysan Partners’ Riyadh office provided legal advice to Phenna Group in connection with its acquisition of Cutech Group, a leading non-destructive testing business with operations in hashtag#SaudiArabia. Through this hashtag#acquisition, Phenna Group will enhance its offering in Saudi Arabia. Michel G. Ghanem, a Meysan Corporate Partner, was joined by Counsel Neyla… Read more