Meysan Partners successfully acted on behalf of a senior executive in an employment dispute with one of the largest family groups in Kuwait, wherein the plaintiff was able to convince the court to re-evaluate the claim before a committee of experts, who subsequently overturned the conclusions of the initial expert and recommended that the employee gets awarded a significant component of the claimed indemnities.
The court endorsed the expert committee’s conclusion and awarded the plaintiff an amount exceeding United States Dollars 1.5 million.
Lawyer Saeed Al Ajmi led the court proceedings with support from counsel Mohamed Abdulwahed, who noted that: “this judgment emphasizes Kuwait’s employment climate regardless of if the dispute involves a large group of companies, and is a testament of Kuwaiti courts’ independence, impartiality and integrity.
Contact us to find out how we can be of assistance to you in relation to Kuwait labor law matters.
Meysan has successfully advised the shareholders of Upayments Electronic Payment and Settlement Systems KSCC, a leading fintech solutions provider, on their partial exit through the sale of a 51% stake in the company to the National Bank of Kuwait (NBK). Upayments, founded in 2016, is a prominent provider of online… Read more
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
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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
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