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…
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…
ASAR authors the Kuwait Chapter for GAR’s ‘Middle Eastern and African Arbitration Review’ 2023
Kuwait In summary While Kuwaiti courts in general honour parties’ agreements to arbitrate, in 2021, the Kuwaiti Cassation Court handed down a couple of judgments that deviated from this well-established practice. The two surprising judgments were issued by the Cassation…
ASAR authors the Kuwait chapter of the Chambers and Partners guide on “Doing Business in…2022″
Doing Business in Kuwait 2022 Legal System 1.1 LEGAL SYSTEM Kuwait is a civil law jurisdiction and the judiciary of Kuwait is structured in three levels: the Court of First Instance, the Court of Appeals and the Court of Cassation….
ASAR – Al Ruwayeh & Partners Joins United Nations Global Compact Initiative
ASAR is the first and only law firm in Kuwait to align its business operations and strategies with the ten principles of the United Nations Global Compact Initiative ASAR – Al Ruwayeh & Partners (ASAR), Kuwait’s leading tier one corporate…
ASAR assists Bukhamseen group holding on their new “Mandarin Oriental, Kuwait” luxury hotel project
It was a privilege to again assist Bukhamseen Group Holding (BGH) as their Kuwait legal counsel in relation to the development of BGH’s new luxury hotel project in Kuwait, to be known as “Mandarin Oriental, Kuwait”. The Mandarin Oriental, Kuwait will…
ASAR Seminar 2022 gathers business leaders and legal practitioners to discuss Competition Law and The Rise of IPOs in Kuwait
ASAR – Al Ruwayeh & Partners (ASAR), Kuwait’s leading tier 1 corporate and commercial law firm, concluded the ‘ASAR Seminar 2022’ yesterday in the presence of Dr. Abdullah Al-Owaisi, Executive Director at the Competition Protection Agency (CPA). ASAR Seminar 2022 was…