Our Regulatory and Government Affairs practice benefits from our involvement in many of the region’s most significant legal reforms. As our clients’ operations grow, the associated risks and applicable regulations governing such operations can become increasingly complex. Our in-depth understanding of national legal and political environments, combined, if necessary, with inclusive pan-regional jurisdictional strategies—can guide through the complexity.
Our team advises clients on compliance with laws and regulations in the member-states of the Gulf Cooperation Council, counsels sovereigns on necessary law reforms, advises on treaty negotiations involving trade, taxation and investment, builds and implements lobbying strategies on ongoing regulatory and legislative developments, and represents sovereigns and state-owned entities in litigations and proceedings arising from issues of public international law.
The integration of our other practices with the Regulatory and Government Affairs enables us to offer comprehensive solutions to clients on a wide range of issues.
The Government of Kuwait continues to advise the Government of Kuwait on a landmark project to build a massive new city called Madinat Al Hareer “Silk City”. Covering a total area of 250 square kilometres, with an estimated cost of US$130 billion, Silk City is one of the boldest and most expensive construction projects ever seen in the Middle East.
The Government of Kuwait on the drafting of the new Kuwait Companies Law.
The Kuwait Capital Markets Authority on the drafting of the regulations regarding Bonds, Sukuk and Preference Shares.
The Kuwait Direct Investment Promotion Authority on the development of the Kuwait Special Economic Zones.
The Private Equity Growth Capital Council (PEGCC), the Emerging Markets Private Equity Association, and the Australian Venture Capital Association in connection with the submission of comment letters to the UAE Securities and Commodities Authority (ESCA) regarding the proposed Regulations Governing the Marketing of Foreign Funds in the United Arab Emirates.
The Private Equity Growth Capital Council (PEGCC), the Emerging Markets Private Equity Association, and the Australian Venture Capital Association in connection with the submission of comment letters to the Kuwait Capital Market Authority (CMA) regarding proposed Executive Regulations Governing the Marketing of Foreign Funds in Kuwait.
World Bank - Corporate Restructuring and Rehabilitation law. We acted for the World Bank on the preparation of the corporate restructuring and rehabilitation law and insolvency laws of Kuwait.
Kuwait Media City, we advised Kuwait Investment Authority on the implementation of the national development plan conceived through law no. 9 of 2010. The national development plan envisions the establishment of a media city as part of Kuwait's endeavors to enhance the competitiveness of Kuwait.
World Bank - Bankruptcy law, acted for the World Bank on the preparation of the bankruptcy law of Kuwait. The proposed law allows the Central Bank to intervene early in the event of indications of the lack of soundness of the practices of a bank or exposure to financial risks, allowing the regulatory system to intervene quickly and take precautionary steps in the event of any of the banks facing violent that require supervision.