Kuwait Archives - Page 19 of 32 - LexisNexis Middle East

Kuwait: Draft Law Calls on Government to Purchase Kuwaiti Citizens’ Loans

12/12/202212/12/2022
by Benjamin Filaferro

Kuwait Times, 7 December 2022: The Kuwaiti National Assembly’s Legal and legislative committee has approved a draft law calling on the government to purchase consumer and personal loans of Kuwaiti citizens to help them cope with the sharp rise in prices of goods and the high inflation rate.

The bill proposes the government purchase the loans by deducting the cost-of-living allowance paid every month by an amount not exceeding 120 Dinars a month.

Citizens who will not benefit from the proposed legislation will continue to receive their cost-of-living allowance as usual.

For the full story, click here.

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News developments

The Lexis® Middle East Gulf Tax – Winter 2022 edition is out now!

08/12/202208/12/2022
by Benjamin Filaferro

We are pleased to share the latest edition of our tax magazine, Lexis® Middle East Gulf Tax, the first of its kind in the GCC! It is a complimentary magazine that provides updates on the GCC’s recent key tax and financial developments.

In this edition:

Pillar 2 – How might OECD’s Pillar 2 affect GCC businesses?

OECD’s Pillar 2 Module, which ensures large multinational enterprises pay minimum tax levels on income, will impact taxpayers across the globe. Rami Alhadhrami of BDO Kuwait looks at how it might affect GCC businesses.

The first 100 days… as Head of Tax

With the recent tax changes in the Middle East, tax recruitment specialists have seen more businesses wanting to hire their first-ever Middle East In-house Head of Tax. Conor McHugh of Alchemy Search and Siegert Slagman, a Head of Tax, share their experiences recruiting these roles and the crucial first 100 days in the post.

Practical Focus on Double Taxation Agreements

With effect from 1 January 2020, Saudi Arabia and the UAE have implemented a treaty to avoid double taxation. Zain Satardien of Hourani & Partners shares practical points on this Double Taxation Treaty (DTT), how it provides significant advantages for businesses operating in the two contracting states, and how it aims to avoid double taxation and prevent tax evasion.

Managing Challenges and Change with Technology

Nitin Agarwal, Head of Taxation at Majid Al Futtaim Carrefour UAE, talks about how successful major transformation projects have made him more confident and prepared to deal with future tax changes and challenges.

Practitioner Perspective on Excise Tax

Michel Ruitenberg of Crowe looks at how Excise Tax, an important compliance area for retail businesses, has changed in the UAE and the differences in how it operates there to other GCC countries.

Am I eligible for World Cup tax exemptions?

Qatari authorities are granting special World Cup Tax Exemptions, but who is eligible and for what? Thomas Vanhee of Aurifer Middle East Tax answers these questions and more!

Special thanks to Alchemy Search for supporting tax professionals by connecting businesses with talent across the GCC and beyond!

Want to receive future editions? Subscribe here!

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

Lexis Middle East Gulf Tax | Winter 2022

Have you read the Lexis® Middle East Gulf Tax – Summer and Autumn 2022 editions? Click the links below to access and read this edition.

Lexis-Middle-East-Gulf-Tax_| Autumn 2022

Lexis® Middle East Gulf Tax | Summer 2022

News developments

LexisNexis Hosts the 6th Kuwait Business Law Forum Conference in Kuwait City, Kuwait!

24/11/202212/12/2022
by Benjamin Filaferro

Thank you to everyone who participated in the Kuwait Business Law Forum 2022 – 6th Edition on 23 November 2022!

LexisNexis Middle East is pleased to have hosted, in partnership with Al-Yaqout & Al-Fouzan Legal Group, the Kuwait Business Law Forum 2022 – 6th Edition in Kuwait City, Kuwait, on 23 November 2022.

The conference covered Kuwait’s latest legal developments and trends and gathered leading professionals from the Kuwaiti legal and business community. The following topics were covered over three sessions:

First Session – PPP as a Tool for Sustainable Development
Second Session – The Future of the Legal Profession in Kuwait and the Middle East
Third Session – Arbitration and Mediation

Special thanks to our incredible speakers and moderators:

Khalifah H. Al-Yaqout – Managing Partner, Al-Yaqout and Al-Fouzan Legal Group
Saleh Al-Salami – CEO of Union Investment Companies
Eric Bonnet-Maes – LexisNexis CEO of CEMEA
Dr Khaled A. Mahdi – PhD, PMP, CEng, GCCarb, P2F – General Secretary, General Secretariat of the Supreme Council for Planning and Development (GSSCPD)
Dr Ahmad Al-Shorbagy – Head of Projects, Al-Yaqout and Al-Fouzan Legal Group
Dr Majdouline Scheit – Corporate Counsel, Alghanim Industries
Thamer Ibrahim Arab – CEO, Dhaman Hospitals
Kapil Kumra – Deputy General Manager & Head of Project Finance at Foreign Corporate Group, National Bank of Kuwait
Dr Mona Al Hajri – Assistant Professor of Constitutional and Administrative Law at Kuwait University – College of Law
Abdullah Al-Baker – Founder & CEO, Al Baker & Associates Law Firm
Dr Fahad Al-Zumai – Associate Professor, Faculty of Law – Kuwait University
Adnan Abul – Vice President, Kuwait Bar Association and the Kuwait Association for Protecting Public Funds
Dr Yousef Al-Yaqout – Assistant Professor at the College of Law at Kuwait University
Floriane Lavaud – Counsel, Debevoise & Plimpton LLP
Dr Anwar Al-Fuzaie – General Counsel
Huda Al-Sawan – Chancellor, Department of Legal Advice & Legislation, Council of Ministers (Fatwa and Legislation)

Thank you to our partners and sponsors for your support:

Al-Yaqout & Al-Fouzan Legal Group – LexisNexis Exclusive Partner in Kuwait
Kuwait Bar Association – Strategic Partner
General Secretariat of the Supreme Council for Planning and Development – Strategic Partner
Alghanim Industries – Gold Sponsor
United Real Estate Company (URC) – Gold Sponsor
Al Baker & Associates Law Firm – Silver Sponsor
Kılınç Law & Consulting – Bronze Sponsor
Advocates Group Academy – Bronze Sponsor

Lastly, thank you to all attendees for making the conference a success. We look forward to welcoming you in 2023 for the 7th Kuwait Business Law Forum!

News developments

United Real Estate Company (URC) participates as a Gold Sponsor of the Kuwait Business Law Forum Conference 2022 – 6th Edition!

20/11/202224/11/2022
by Benjamin Filaferro

LexisNexis Middle East is pleased to announce that United Real Estate Company (URC) will participate as a Gold Sponsor at the Kuwait Business Law Forum Conference 2022 – 6th Edition held on 23 November 2022.

The conference is specifically designed for in-house counsel and will cover the latest legal developments and trends in Kuwait. It will be held in English and Arabic (simultaneous translation).

We hope you will join us for this unique and exclusive opportunity to meet existing and potential clients on 23 November 2022 in Kuwait City, Kuwait.

If you would like more information, you can click here.

News developments

The latest edition of the Lexis® Middle East – HR Alert is out now!

16/11/202229/04/2024
by Benjamin Filaferro

We are pleased to share the latest edition of our HR magazine, the Lexis® Middle East – HR Alert!

The HR Alert is a complimentary magazine that updates the latest labour and employment law developments and cases and advises on region-specific HR policies and templates.

It also includes interviews with leading regional HR professionals and guidance on the latest industry trends.

In this edition:

When I’m Sixty-Four: New Pensions Legislation in Qatar

On 3 January 2023, Qatar Law No. 1/2022 will introduce changes to the pension rights of all working Qatari nationals. Emma Higham of Clyde & Co explains their current understanding of the impact this will have on employers and employees

Quiet Quitting: Has this global trend reached the UAE?

Quiet quitting occurs when an employee decides that they will undertake the bare minimum to carry out their duties. Thenji Moyo and Naba Noor of Gateley UK LLP (DMCC Branch) talk about this trend in the UAE and positive ways to tackle it.

Immigration Focus: Recent GCC Immigration and Visa Changes

The dynamic team at Vialto Partners share the latest immigration and visa changes in the region, including the latest developments relating to the UAE Job Exploration Visas. From 3 October 2022, a new type of visa has allowed job seekers to enter or remain in the UAE without needing a sponsoring employer. It allows individuals to come to the UAE to look for work or investment and business opportunities without a sponsoring host.

Law Changes: Employee Share Schemes and Remuneration Developments in Saudi Arabia

The new Saudi Companies Law, which comes into effect in January 2023, brings with it changes to employee share schemes and directors’ remuneration as Richard Bell and Faisal Alassiri of Clyde & Co explain.

In an Ever-Changing World

Madelein du Plessis, HR and Finance Officer at RELX PLC in Dubai, explains the approach she has taken to support an ever-expanding team in a continually changing regulatory environment.

On the other hand, Raka Roy of Galadari Advocates & Legal Consultants explains how leave entitlements have changed under the new UAE Labour Law.

Equality Policies

Sarah Malik of SOL International Ltd shares pointers for employers on how they can ensure their equality policies cover all types of discrimination, bullying, harassment, assault, and any verbal, physical, or psychological harm to an employee in the workplace in order to be compliant with Federal Decree-Law No 33/2021 On the Regulation of Labour Relations.

Want to receive future editions? Subscribe here!

Want to learn more about Lexis® Middle East? Visit, https://www.lexis.ae/lexis-middle-east-law/.

LexisNexis Middle East HR Alert – November 2022

Have you read the Lexis® Middle East HR Alert – June and September 2022 editions? Click the links below to access and read these editions.

LexisNexis Middle East HR Alert – September 2022

News developments

Advocates Group Academy participates as a Bronze Sponsor of the Kuwait Business Law Forum Conference 2022 – 6th Edition!

15/11/202216/11/2022
by Benjamin Filaferro

LexisNexis Middle East is pleased to announce that Advocates Group Academy will participate as a Bronze Sponsor at the Kuwait Business Law Forum Conference 2022 – 6th Edition held on 23 November 2022.

The conference is specifically designed for in-house counsel and will cover the latest legal developments and trends in Kuwait. It will be held in English and Arabic (simultaneous translation).

We hope you will join us for this unique and exclusive opportunity to meet existing and potential clients on 23 November 2022 in Kuwait City, Kuwait.

If you would like more information, you can click here.

News developments

Kılınç Law & Consulting participates as a Bronze Sponsor of the Kuwait Business Law Forum Conference 2022 – 6th Edition!

15/11/202215/11/2022
by Benjamin Filaferro

LexisNexis Middle East is pleased to announce that Kılınç Law & Consulting will participate as a Bronze Sponsor at the Kuwait Business Law Forum Conference 2022 – 6th Edition held on 23 November 2022.

The conference is specifically designed for in-house counsel and will cover the latest legal developments and trends in Kuwait. It will be held in English and Arabic (simultaneous translation).

We hope you will join us for this unique and exclusive opportunity to meet existing and potential clients on 23 November 2022 in Kuwait City, Kuwait.

If you would like more information, you can click here.

News developments

AlBaker & Associates Law Firm participates as a Silver Sponsor of the Kuwait Business Law Forum Conference 2022 – 6th Edition!

15/11/202215/11/2022
by Benjamin Filaferro

LexisNexis Middle East is pleased to announce that AlBaker & Associates Law Firm will participate as a Silver Sponsor at the Kuwait Business Law Forum Conference 2022 – 6th Edition held on 23 November 2022.

The conference is specifically designed for in-house counsel and will cover the latest legal developments and trends in Kuwait. It will be held in English and Arabic (simultaneous translation).

We hope you will join us for this unique and exclusive opportunity to meet existing and potential clients on 23 November 2022 in Kuwait City, Kuwait.

If you would like more information, you can click here.

News developments

Alghanim Industries participates as a Gold Sponsor of the Kuwait Business Law Forum Conference 2022 – 6th Edition!

14/11/202215/11/2022
by Benjamin Filaferro

LexisNexis Middle East is pleased to announce that Alghanim Industries will participate as a Gold Sponsor at the Kuwait Business Law Forum Conference 2022 – 6th Edition held on 23 November 2022.

The conference is specifically designed for in-house counsel and will cover the latest legal developments and trends in Kuwait. It will be held in English and Arabic (simultaneous translation).

We hope you will join us for this unique and exclusive opportunity to meet existing and potential clients on 23 November 2022 in Kuwait City, Kuwait.

If you would like more information, you can click here.

News developments

Meet our Partners for the Kuwait Business Law Forum Conference 2022 – 6th Edition!

14/11/202214/11/2022
by Benjamin Filaferro

LexisNexis Middle East is pleased to announce that Al-Yaqout & Al-Fouzan Legal Group (LexisNexis Exclusive Law Firm Partner in Kuwait), the General Secretariat of The Supreme Council for Planning and Development, and the Kuwait Bar Association will once again partner with us at the Kuwait Business Law Forum Conference 2022 – 6^th Edition being held on 23 November 2022.

The conference is specifically designed for in-house counsel and will cover the latest legal developments and trends in Kuwait. It will be held in English and Arabic (simultaneous translation).

We hope you will join us for this unique and exclusive opportunity to meet existing and potential clients on 23 November 2022 in Kuwait City, Kuwait. For more information, click here.