The UAE has amended its federal arbitration law to introduce more flexibility to arbitration proceedings and lift certain restrictions on the parties’ freedom to nominate arbitrators. While most of the amendments are cosmetic and reiterate established principles of UAE law (e.g., the tribunal’s freedom to assess… Read more
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… Read more
The Prime Minister and Ruler of Dubai announced yesterday a new end-of-service benefits system for employees in the private sector and free zones. This voluntary initiative will include the establishment of savings and investment funds from the private sector, overseen by the Securities and Commodities Authority… Read more
Meysan Partners, a prestigious law firm in the region, proudly announces its role as lead counsel to Boubyan Petrochemicals KSCP in the full acquisition of the English Education Providers Group (EPG) in Kuwait. This deal represents a significant milestone in Boubyan Petrochemicals’ strategic expansion and marks… Read more
Earlier this year, the Ministry of Commerce and Industry (MOCI) issued a resolution amending the Companies Law thereby compelling Kuwait Shareholding Companies (KSC) to include in their budgets a clause that supports Kuwait Foundation for Advancement of Sciences (KFAS) with 1 percent of their annual net… Read more
As part of the series of new Ministerial Decisions under Federal Decree-Law No. 47 of 2022 on the Taxation of Corporations and Businesses, the UAE Ministry of Finance introduced, on 28 July 2023, the following three new Cabinet Decisions: 1- Cabinet Decision No. 74 of 2023… Read more
The Saudi Arabian Civil Transactions Law (the “Law”) was enacted by Royal Decree no. M/191 on 19 June 2023 and is expected to become effective on the 16th of December 2023. The Law is the first civil code for the Kingdom. Prior to its enactment, civil… Read more