Manama, Bahrain – 22nd May, 2013: ASAR – Al Ruwayeh & Partners (ASAR), one of Bahrain’s leading and most prominent corporate law firms, and one of the region’s top tier firms participated in a regional seminar held at the JW Marriott Marquis Dubai. The seminar focused on providing insights into managing workforces across the GCC region with emphasis on the varying labor laws across the GCC region.
The seminar covered a wide range of topics that included workforce nationalization and the importance of employing nationals, end of service gratuities, GCC nationals’ entitlement to state pension programs, minimum terms and conditions of employment, termination of employment and potential compensation.
ASAR’s labor law specialists, Mr. Ahmed Zakaria, a Partner at ASAR represented ASAR Kuwait, while Mr. Steven Brown represented ASAR Bahrain. During the event, ASAR’s labor law specialists provided insights into the current labor laws and practices prevailing in Kuwait and Bahrain, while also highlighting recent developments and trends. ASAR also shed light on the relationship between an economy’s performance and labor markets’ rules and practices, and the ability of businesses to adapt to changing economic conditions by optimizing their workforces while complying with applicable laws and practices.
Mr. Ahmed Zakaria, said: “GCC countries must take a look at the competitiveness of their employment regulatory framework. In particular, policies that encourage labor market flexibility can be a competitive advantage. Developing a comprehensive legal framework for flexible employment in GCC countries will improve the efficiency of labor markets by encouraging greater participation of workers and an increase in overall business agility,” added Zakaria.
With dedicated offices in Kuwait and Bahrain coupled with its associated offices and relationships, ASAR provides clients across an extensive range of industry sectors with comprehensive legal advice and support for their business activities in Kuwait, across the GCC and beyond.
The firm has been consistently rated as the leading corporate and commercial law firm in Kuwait by reputable legal guides such as the Chambers Global Guide, International Financial Law Review and the Legal 500. In 2012, ASAR was named as the “Best Law Firm in Kuwait 2012” by the International Financial Law Review (IFLR), the market-leading guide for financial law firms worldwide. The firm also won the “Best Equity Deal in the Middle East” award by IFLR during the same year.