The much-anticipated law which removes significant restrictions on foreigners doing business in Kuwait was finally published earlier today as Law 1 of 2024. Under this new Law, Article 24 of the Law of Commerce and Article 31 of the Tenders Law…
ASAR – Al Ruwayeh & Partners Acts as Kuwait Law Counsel to Fairfax on its USD 860 Million Acquisition of KIPCO’s Shareholding in Gulf Insurance Group
Leading Kuwait and Bahrain law firm, ASAR Al Ruwayeh & Partners (ASAR), has acted as Kuwait counsel to Fairfax Financial Holdings Limited and affiliates (Fairfax) on its acquisition (via off market trades) of Kuwait Projects Company (Holding) (KIPCO)’s 46.32% shareholding in…
ASAR Conference 2023 highlights the challenges facing financing and bankability of Public-Private Partnerships (PPPs) Projects and provides special insight into PPP projects from in-house counsels’ standpoint
Financing PPP projects has always been a complex endeavour; such complexity is exacerbated by a set of unique challenges stemming from the regulatory environment and practices in Kuwait. With wise words of the vastly experienced Mr. Faisal Sarkhou, Chief Executive Officer…
ASAR Conference 2023 had the privilege of welcoming members of KAPP and WAPPP to discuss the intricacies of Public-Private Partnerships (PPPs)
With a focus on the prospects for the year 2024, speaker Mr. Daniel Kaye, the Chief Group Economist from the National Bank of Kuwait (NBK) contributed to a panel discussion at the event with the perspective that the Middle East was…
ASAR Conference 2023 heard from Mr Robert Willock of The Economist Intelligence Unit
To develop a better understanding of how Public-Private Partnerships (PPPs) can drive economic growth in Kuwait, Mr. Robert Willock, from the Economist Intelligence Unit, presented on the macro aspects of the global economy and the impact recent world-wide and regional developments…
ASAR Conference 2023 – themed “Driving Economic Growth Through Transformative PPPs in Kuwait”
The Waldorf Astoria Hotel, at the Avenues Kuwait, was the place to be on Monday, 4 December, 2023. ASAR, Kuwait’s leading Tier 1 ranked law firm, hosted ASAR Conference 2023 in association with the Kuwait Authority for Partnership Projects (KAPP), The…
Our team brings home 3 [IFLR] Awards, including National Law Firm of the year – Kuwait
It is with great enthusiasm and pride that we announce that ASAR – Al Ruwayeh & Partners has been presented with multiple awards at this year’s IFLR Middle East Awards, namely: National Law Firm of the Year: Kuwait Deal of the…
ASAR wins ALB Kuwait National Law Firm of the Year Award, 2023
We are very happy to announce that ASAR has been presented with the prestigious “Kuwait National Law Firm of the Year” award at the Asian Legal Business (ALB) Middle East Law Awards 2023, hosted by Thomson Reuters. The ALB Middle East…
A remarkable step in accelerating urban infrastructure development in Kuwait
The Council of Ministers has issued the Law No. 118 of 2023 on the Incorporation of Companies for the Construction and Economic Development of Cities and Residential Areas. Noteworthy features of this law include the following: Establishing a public-private partnership (PPP)…
A favourable outcome for one of our esteemed clients against the Kuwait Department of Income Tax
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…