Legal Framework
From The Report: Kuwait 2024
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While it is common knowledge that laws in the Middle East include certain restrictions on foreign parties doing business that do not otherwise apply to citizens, significant strides have been made in the region in recent years. These reforms have facilitated foreign investment and participation in businesses. Kuwait has led the way with a number of reforms and was a pioneer with the promulgation of the Foreign Direct Investment Law in 2014, which has since been replicated in one form or another in other GCC countries. The country has also seen recent developments that have impacted investment procedurally and substantively.

This chapter contains an interview with David Walker, Partner at ASAR Legal.

Articles from this Chapter

Overview

Buying a company: The Foreign Direct Investment Law is improving the overall investment climate within the country
OBG
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While it is common knowledge that laws in the Middle East include certain restrictions on foreign parties doing business that do not otherwise apply to citizens, significant strides have been made in the region in recent years. These reforms have facilitated foreign investment and participation in businesses. Kuwait has led the way with a number of reforms and was a pioneer with the promulgation of the Foreign Direct Investment Law (FDIL) in 2014, which has since been replicated in one form or another…

Interview

Regulatory changes: David Walker, Partner, ASAR Legal, on the impact of new laws on the operations of foreign and local companies
OBG
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Interview:David Walker, Partner, ASAR Legal What are the legal considerations and challenges facing mergers and acquisitions (M&A) in Kuwait? DAVID WALKER: Organisations engaging in M&A in Kuwait need to be particularly mindful of, among other things, foreign ownership restrictions and Competition Law considerations. There is a general requirement that at least 51% of a company’s shares need to be held by individual or corporate Kuwaiti nationals. While there are certain exceptions…