ASAR successfully acted on behalf of a client in a dispute with the Kuwait Department of Income Tax (the DIT) wherein the DIT was estopped from issuing a revised tax assessment against ASAR’s client. The DIT issued a revised tax assessment…
Jadwa and Gissah, a scent-sational tie-up!
ASAR (as Kuwait counsel) acted as Kuwait law counsel to Jadwa and its subsidiary Entertainment Opportunities Investment Company LLC (the “Buyer”) in relation to the acquisition of 35% of Gissah for Perfumes, Teeb and Oud Company W.L.L (the “Target”) which operates…
We have been shortlisted for 5 awards at the IFLR Middle East Awards
The IFLR Middle East Awards showcase regional legal innovation of the highest caliber. This year, we are please to have been shortlisted for five awards, two of which have been outlined below: Equity Deal of the Year – Americana Restaurants dual…
Stay on top of Data Protection and Privacy
The Communication and Informal Technology Authority (CITRA) issued resolution No. 244 of 2023 amending the previous No. 42 of 2021 – Data Protection Resolution (DPR). The implementation of data protection and privacy laws and regulations is a fairly new development in…
Bahrain Law Update: Resolution No. 6 of 2023 on System of Linking Payment Systems for GCC countries
Written by Steven Brown and Rahul Sud Bahrain recently ratified and issued Law No. 6 of 2023 in Bahrain, endorsing and ratifying the Treaty on the System of Linking Payment Systems for GCC countries to which Bahrain is a signatory. The…
Kuwait Law Update: Issuance of Resolution No. 45/471/2023, which supersedes the former Resolution No. 430/44/2018 on e-payment services in Kuwait
Written by Ibrahim Sattout and Hussein Azmy The Central Bank of Kuwait recently issued Resolution No. 45/471/2023 regulating e-payment services, which represents an important regulatory development for market players in Kuwait’s financial sector, including banks, credit card companies and e-payment service…
ASAR authors IFLR M&A report 2023 for Bahrain
M&A Report 2023: Bahrain Market overview The Gulf Cooperation Council (GCC) countries have seen a rise in consolidation as pandemic restrictions have been eased, including corporate strategic M&A transactions in Bahrain, particularly in the banking sector. Kuwait Finance House (KFH)…
ASAR authors the M&A Report 2023 for Kuwait in the IFLR
M&A Report 2023 Kuwait Market overview M&A activity continued at a steady pace in 2022, particularly in the health, logistics, education, and technology, media and telecommunications sectors. A hot topic in cross-border transactions is the new ultimate beneficial ownership rules issued by…
ASAR authors Legal 500 M&A Report 2023 for Kuwait
Kuwait: Mergers & Acquisitions This country-specific Q&A provides an overview of Mergers & Acquisitions laws and regulations applicable in Kuwait. What are the key rules/laws relevant to M&A and who are the key regulatory authorities? There are a number of…
ASAR authors the Chambers & Partner’s ‘Corporate M&A 2023’ Global Practice Guide for Kuwait
Corporate M&A 2023 Kuwait Law & Practice 1. Trends 1.1 M&A Market M&A remained at a steady pace in 2022. Cross-border activity has also remained at a steady pace. This trend has been largely driven by the overall rebound of businesses from…