Legal Framework
From The Report: Kuwait 2015
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This chapter contains an overview of the legal framework for local and international investors in Kuwait and provides a rundown of the key improvements that have been made to the business environment. These include recently introduced public-private partnership laws and a new state agency set up to promote foreign direct investment.

Articles from this Chapter

Overview

Down to business: Legal changes to make direct investment easier and more attractive
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In the past few years there has been a wave of increased interest in the Kuwait market, with existing investors seeking to restructure their business to establish more permanent ties to Kuwait and potential foreign investors vying for market entry. A variety of groundbreaking laws and reforms aimed at modernising the archaic legal system – including the Companies Law issued in November 2012, and Law No. 116 of 2013 regarding the Promotion of Direct Investment in the State of Kuwait and its Executive…

Analysis

Applied learning: Successful past approaches enshrined in the new project law
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On August 17, 2014 the highly anticipated new law governing public-private partnership (PPP) projects was issued as Law No. 116 of 2014 (“New PPP Law”). The New PPP Law replaced the previous PPP law, Law No. 7 of 2008 (“Old PPP Law”), and was well received as a major reform that will benefit Kuwait’s PPPs. NEW PPP LAW: While the Old PPP Law was generally satisfactory in terms of regulating PPP projects, the New PPP Law helps to modernise the economy by addressing various issues related…

Viewpoint

Adapting to change: Alex Saleh, Partner, Al Tamimi & Co., on reforms in Kuwait
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As the Kuwaiti economy continues to modernise, there has been a growing acknowledgement that the legal system must expand, as well as become more sophisticated, to handle the requirements of modern businesses. Therefore, the government has passed laws governing a range of sectors, relating to the protection of competition, taxation, foreign investment, public-private partnerships (PPPs), anti-money laundering, regulation of companies, and protection of labour and capital markets. For example,…