Kuwait Archives - Page 28 of 33 - LexisNexis Middle East

Kuwait: Central Bank Exempts Banks from First Quarter’s Disclosures

04/04/202003/04/2020
by Benjamin Filaferro

The Kuwaiti Central Bank has issued a circular to banks requesting them not to submit their financial data for the first quarter. This circular adds banks to the list of companies that have been exempt from submitting their financial data for the first quarter and postpones it to the second quarter. The Central Bank said that all banks, except the Industrial Bank, will be able to provide their data pursuant to the provisions of Article 82 of Kuwait Law No. 32/1968 on e cash, the central bank of Kuwait, and the regulation of the banking profession and its amendments.

News developments

Kuwait: Medicines Containing Anti-malarial Drug Chloroquine Withdrawn from Pharmacies

31/03/202031/03/2020
by Benjamin Filaferro

The Kuwaiti Health Ministry has decided to withdraw all medicines containing the anti-malarial drug Hydroxychloroquine or chloroquine from private pharmacies and limit them to hospitals and health centres according to the state news agency. According to Undersecretary of Health for Drug and Food Control Affairs the decision has been made to tighten control over the distribution of these medicines and to prevent their misuse or monopoly. Plaquenil which is the brand name for hydroxychloroquine has recently been mentioned in the media as a possible treatment for COVID-19. However, doctors have said it can cause serious side effects or there is a risk of overdose without proper medical guidance.

News developments

Kuwait: Penalties Announced for Those Who Violate House Quarantine Rules

02/03/202002/03/2020
by Benjamin Filaferro

According to local newspaper reports, some constitutional experts have said some Kuwaiti nationals who have recently returned from Iran are not following the house quarantine rules for those who have not definitively ruled out having Coronavirus. Under Article 17 of Kuwait Law No. 8/1969 (the Health Precautions Law) those who break the house quarantine rules will be jailed for up to one month and/or fined up to 50 Dinars. Those who violate Article 15 of Kuwait Law No. 8/1969 will be jailed for up to three months and/or fined between 50 and 200 Dinars.

News developments

Kuwait: Right to View Law Vote Soon

15/02/202013/02/2020
by Benjamin Filaferro

The Chairman of the Legislative Committee of Kuwait’s National Assembly has announced MPs will be voting on the draft right to view law next week. They said the law will enable nationals and residents as well as local and civil companies to view all information transparently. Some information like military and security matters will remain classified. The law has been thoroughly discussed with the Justice Minister, Waqf and Islamic Affairs Minister as well as other relevant departments.

Expired Kuwait Business Law Forum | 15 December 2020 (Online Event)

09/02/202001/12/2020
by Benjamin Filaferro

We're sorry, but all tickets sales have ended because the event is expired.

Kuwait Business Law Forum - Fourth Edition
15/12/2020
8:30 AM - 2:00 PM

After the success of previous editions of the Kuwait Business Law Forums, LexisNexis Middle East, in collaboration with Al Yaqout & Al-Fouzan Legal Group, will host the 4th Kuwait Business Law Forum that will cover the latest legal developments and trends in Kuwait.

News developments

Kuwait: Insurance Unit Established

07/02/202007/02/2020
by Benjamin Filaferro

According to local newspaper reports, Kuwait’s Commerce and Industry Minister has issued a Decision establishing an Independent Insurance Unit. It will have seven members, two of which will be full-time and have been appointed by Emiri Decree. It will regulate insurance businesses in the country in line with Article 10 of Kuwait Law No. 125/2019. Among other things, the committee will oversee the sector’s development and supervise it. They will be able to ask experts and consultants it considers appropriate to assist it and they will also be able to establish temporary advisory committees to study a specific topic within their remit.

News developments

Kuwait: Health Guardianship for Women Proposed

01/02/202031/01/2020
by Benjamin Filaferro

Five Kuwaiti MPs have submitted a draft law to amend the criminal law to allow women, mothers, wives, or second removed female relatives to authorise medical treatment of children or husbands. They stressed this amendment will help to tackle various situations in which there is no next of kin such as the father or the grandfather to give the necessary permissions. The MPS proposed amending Kuwait Law No. 16/1960 on the criminal law to allow women to authorise medical tests and procedures for underage children and adults who don’t have the legal capacity to give permission.

News developments

Kuwait: Procedural Law Amendments Proposed

25/01/202024/01/2020
by Benjamin Filaferro

Five Kuwaiti MPs have proposed amending the procedural law by adding new articles to the Civil and Commercial Law issued by Kuwait Decree-Law No 38/1980. The MPs want to make changes to regulate disputes involving judges and members of the public prosecution office by adding a new chapter. The aim is to set the situations in which a judge or a member of the prosecution office can be disputed and the deadlines to be met.

News developments

Kuwait: Amendments to the Audiovisual and Publication Laws Announced

18/01/202017/01/2020
by Benjamin Filaferro

The Rapporteur of the Educational Affairs Committee of Kuwait’s National Assembly has announced the Committee has discussed amendments to the Audiovisual and Publication Laws. The amendments being considered relate to the penalties under both laws. If they are approved, those who violate either law will not be jailed. The Committee also discussed a draft law on media protections for young people and is waiting to get feedback on the Government.

News developments

Kuwait: Children of Kuwait Female Nationals Should be Able to Receive Social Help

11/01/202010/01/2020
by Benjamin Filaferro

According to local newspaper reports, Kuwait’s Social Affairs Minister has presented a draft law to allow the children of Kuwaiti female nationals and non-Kuwaiti men to receive social assistance. It has been referred to the Fatwa and Legislation Department to consider. The aim is to improve their living conditions and create a more equal system.