• Legal Framework

    In-depth coverage of the local legal framework for business is an integral part of OBG’s analysis. Working in partnership with a leading local law firm, we review foreign investment laws, ownership restrictions, requirements for local partners and labour laws, among other topics.
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Kuwait is undergoing a substantial overhaul of its legal framework to promote investment in the country, develop local business opportunities and help diversify its economy. This process has gained significant momentum during the last 10 years. To assist with this, antiquated laws are being replaced and updated, such as the Companies Law, the...

 

The modernisation of the country’s capital markets continued in April 2018 through the promulgation and implementation of Boursa Kuwait’s new rulebook. Its purpose is to clarify the regulatory and organisational framework of Boursa Kuwait and all other aspects of Kuwait’s stock exchange. The new rules provide, among other things, for the...

Chapter | Legal Framework from The Report: Kuwait 2019

The modernisation of the country’s capital markets continued in April 2018 through the promulgation and implementation of Boursa Kuwait’s new rulebook. Its purpose is to clarify the regulatory and organisational framework of Boursa Kuwait and all other aspects of Kuwait’s stock exchange. The new rules provide, among other things, for the segmentation of the market into the premier market, main...

With the sixth-largest proven oil reserves in the world, and an industry that dates back to the early days of oil and gas dominance in energy, Kuwait is among the world’s principal hydrocarbons powers. Yet, given the lower oil prices seen in global markets in recent years, initiatives outlined in the New Kuwait 2035 development plan come at a critical time in terms of enhancing the state’s competitiveness as a destination for foreign direct investment.

In 2019 controversy arose over the National Domain Extinction Law, which establishes that a person who owns assets that cannot be tracked or proven to have come from a legitimate origin, or assets that are a product of illicit activities such as organised crime, kidnapping, hydrocarbons and petrochemicals crimes, human trafficking, corruption, vehicle theft and extortion, can...

Under the North American Free Trade Agreement (NAFTA) the horticulture sector became Mexico’s fastest-growing industry, with fruit and vegetable exports increasing by 650% between 1995 and 2019. Today, it is a world leader in the export of tomatoes, avocados, berries, grapes, peppers and chillies. Since the treaty came into force in 1994 the sector has invested in innovation...