Legal Framework
From The Report: Kuwait 2017
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This chapter contains an overview of the legal framework under which local and foreign investors operate in Kuwait, including a look at the amendments made to the Companies Law and an examination of the New Agency Law which is taking effect after 50 years.

This chapter contains a viewpoint from Philip Kotsis, Partner, Al Tamimi & Co.

Articles from this Chapter

Overview

Call for renewal: Important laws have been recently updated and amended
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Within the purview of the legal arena, 2016 has been remarkable for Kuwait. The year brought a raft of regulatory changes in a bid to harmonise commercial objectives with the international vista; the most notable of these changes being those surrounding Kuwait’s mercantile sphere, an area often at the centre of discussions for reform and development in the Gulf. As a result of the perpetual focus on this sector, the last few years in particular have witnessed the issuance of many laws…

Viewpoint

Forging ahead: Philip Kotsis, Partner, Al Tamimi & Co, on the direction of Kuwait’s evolving economic and legal reforms
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Viewpoint: Philip Kotsis The progress of a nation’s economic and commercial sectors depends greatly upon the implementation and support of a robust and efficient legal framework, which corresponds to the requirements needed to effectuate the growth of commerce, industry and investment. Legal experts in the GCC have witnessed a discernible and leading effort in Kuwait to reform key aspects of its legal regime to support and advance its economic and commercial goals. The vision of the Emir Sheikh…