In recent years, mergers have become the primary agent for transformation and expansion within the legal industry. The objectives behind these mergers are largely aligned with firms aiming to achieve similar goals. There has been a considerable interest in mergers in the legal industry throughout the… Read more
The UAE authorities have announced an extension to the deadline for employees to enroll in the national Unemployment Insurance Scheme. Previously, the deadline was set for the end of June, with fines to be imposed starting from July 1. According to a circular from the Ministry… Read more
Meysan Partners has advised Investcorp Gof Holding Company 1 W.L.L and Investcorp Gof Holding Company 2 W.L.L (Investcorp) in a notable transaction involving the shareholders of Automak Automotive Company, a prominent automotive company operating in Kuwait and across the broader MENA region. Investcorp group, an esteemed… Read more
The UAE Ministry of Finance consistently introduces a series of new Ministerial Decisions under Federal Decree-Law No. (47) of 2022 on the Taxation of Corporations and Businesses. These decisions have a collective objective of bolstering the regulatory framework governing corporate and business taxation in the UAE.… Read more
The Ministry of Commerce and Industry (MOCI) issued Decision No. 82/2023, targeting small companies engaged in activities of private nature without employees, physical commercial premises, and without the need for regulatory approval from any authority other than the MOCI. This decree aims to provide support and… Read more
The Kuwaiti Minister of Commerce and Industry amended under Resolution No. 60/2023 (MOCI Resolution) specific provisions of the Kuwait Companies Law No 1/2016 (“Law No 1/2016”). By virtue of the MOCI Resolution, provisions addressing companies’ spinoff were introduced. Under this note, we will explain the purposes… Read more
I. An overview of money laundering A. Money laundering’s connection with financial transactions Countries throughout the world have passed laws criminalizing individual or organized criminal acts locally and internationally. These crimes generate illegal revenue and criminals feel the need to clean the revenue to appear legitimate.… Read more