New Laws & Updates
Welcome to the News and Publications section.
- Direct Foreign Capital Investment in Kuwait
Law No. 8/2001 regarding the Organization of Direct Foreign Capital Investment in Kuwait was issued recently by the National Assembly. According to this new law foreign investors would be able to accomplish commercial and economic projects inside Kuwait. The new legislation made it possible to the establishment of Kuwaiti companies in which the foreign holding Read More
- Municipal Council oks change in electoral law on five constituencies
The Municipal Council approved a proposed amendment to the 2005 Municipal Law, article 5, paving the way for the number of municipal council members to be 31 representing five constituencies. According the draft amendment the number of municipal council members is to increase from its present number of 16 to 31 provided 20 of them Read More
- Forum touts merits of arbitration in Kuwait
A number of speakers at a forum organized by the Kuwaiti Bar Association touted the merits of arbitration when dealing with disputes over commercial contracts. Speaking at the forum which was also co-organized by the GCC commercial arbitration center, Judge Sultan Bouresli considered the system of arbitration a useful way to settle disputes regarding the Read More
- Kuwait Parliament ratifies MoU
Kuwait’s parliament (Majlis Al-Umma) ratified a memorandum of understanding on security cooperation with Iran. An MoU on security cooperation was signed by the Islamic Republic of Iran and Kuwait on October 2000, underlining the need for expansion of collaboration in the field of campaign against drug trafficking, terrorism, organized crimes and cooperation on extradition of Read More
Q. What is the role of a commercial lawyer in the business of a law firm? The role of a commercial lawyer in the modern legal arena has evolved from being a legal technician to a business advisor. The lawyers who are commercially aware of the requirements of the traders will be able to manage Read More
- The need to overcome the developmental hurdles of the Law of the Capital Market Authority No. 7 of 2010
The Law of the Capital Market Authority No. 7 of 2010 aims at organizing the activities of the securities market in a fair, viable and transparent manner, educating the public about the activities of the securities, the benefits, risks and undertakings related to the investment of the securities. The main difference between Kuwait Stock Exchange Read More
- Rules of Corporate Governance
1.Empower the Board 2 Establish Clear Roles and Responsibilities 3.Recruit qualified candidates 4.Integrity in Financial reporting 5.Measures for risk management and internal auditing. 6.Implement Code of Conduct and uphold high ethical standards 7.Effective Disclosure strategies 8.Protect rights of the minority Shareholders 9.Encourage development and growth 10.Awareness of Social responsibility.
- Real Estate Law and the Growing Land Price
The provisions of Law No. 50 of 1994 concerning the regulation for the use of land space and the explanatory note of the law No. 8 of 2008 explains in detail the provisions regarding the use of land in Kuwait. While analyzing the local real estate performance there is major economic development related to the Read More
- Law No. 106 of 2013 Regarding the Combating of Money Laundering and Financing of Terrorism
The Kuwait government has taken steps to address the challenges which posed a threat to the economy by passing Law No. 106 of 2013. The law is promulgated with an intention to combat money Laundering and financial terrorism. The New Law supersedes the previous Law No. 35 of 2002 and establishes new and improved governing Read More
- Questionnaire on the Law of Leasing
Question: What are the most pressing issues in leasing commercial real estate today? Answer: In commercial real estate today, if the lease is associated with a promise of sale there will normally be an intervention of a third party contrary to the traditional seller/landlord and buyer/tenant relationship, and this third party usually be financing the Read More
- Is it permissible to dismiss the worker because of a strike?
Strike action, also called labor strike or simply strike, is a work stoppage caused by the mass refusal of employees to work. A strike usually takes place in response to employee grievances. Strike will usually be conducted by the employees, in an orderly manner and for a specific intent to put pressure on employers or Read More
ABDULRAZZAQ ABDULLAH & PARTNERS LAW FIRM signed Legal Service Agreement and announced to provide a broad-spectrum of legal services to the KOREAN COMMUNITY, Kuwait. The Legal Service Agreement was signed on August 18, 2013 at the ARALF office, by the Chairman of the Korean Community in Kuwait, Mr. Hyun Sup Shim and Mr. Abdulrazzaq Abdullah, Read More