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Kuwait Implements Ultimate Beneficial Ownership Regulations for Enhanced Transparency and Compliance
As of April 1, 2023, the Ministry of Commerce and Industry (MOCI) in Kuwait has enforced Resolution No. 4 of 2023 (the "Resolution"),...

Wefaq Law Firm
Apr 11, 20232 min read
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Understanding Cross-Border Commercial Disputes in Kuwait and the GCC Region
Cross-border commercial disputes are becoming increasingly common as businesses in Kuwait and the GCC region expand their reach and...

Wefaq Law Firm
Mar 15, 20232 min read
447 views
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The Importance of Law Firms for Small and Medium Size Business
The Importance of Legal Firms for Small and Medium Size Business

Wefaq Law Firm
Feb 19, 20233 min read
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Starting a buisness in Kuwait
Starting a new business in Kuwait can be a great opportunity for entrepreneurs. The country offers a wide range of economic and business...

Wefaq Law Firm
Jan 12, 20232 min read
218 views
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Doing business in Kuwait
Kuwait is a small, oil-rich country located in the Middle East. It has a strong economy and a high standard of living, making it an...

Wefaq Law Firm
Jan 3, 20233 min read
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Foreign Direct Investment (KDIPA)
Overview To fully appraise the direct investment laws in Kuwait, it is necessary to briefly reflect on the status of law before the...

Wefaq Law Firm
Dec 3, 20224 min read
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Corporate Tax in Kuwait
Overview The government of Kuwait has imposed corporate tax under Kuwait Decree No. 3/1955 on Kuwait Income Tax, as amended by Kuwait Law...

Wefaq Law Firm
Oct 14, 20223 min read
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A Complete Arbitration Framework in the Eyes of the New DIAC Rules - UAE
In brief The recently issued Rules of the Dubai International Arbitration Centre (the “New DIAC Rules“) have come into effect on 21 March...

Wefaq Law Firm
Jul 23, 20227 min read
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Key Legal and Business Considerations for SaaS Buyers
$145.5 billion U.S. Dollars. That’s how much the software-as-a-service (SaaS) market was recently estimated to be worth. Companies are...

Wefaq Law Firm
Jul 11, 20226 min read
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Free Trade Agreement negotiations between the UK and GCC
The UK and the Gulf Cooperation Council have issued a joint statement on 22 June 2022, about the launch of Free Trade Agreement (FTA)...

Wefaq Law Firm
Jun 25, 20222 min read
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Legal Design: The next challenge for legal professionals
Introduction Legal design is certainly a “hot topic” in the legal field. From an external perspective, it seems like the panacea of all...

Wefaq Law Firm
Jun 24, 20225 min read
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Vendor Contracts: Everything you need to know
For most businesses, vendors are used to purchase products or services that are critical to operations. Whether it’s your office...

Wefaq Law Firm
Jun 12, 20224 min read
54 views
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4 Common Types of Vendor Contracts
A vendor contract (otherwise known as a vendor agreement) is a business contract between two parties covering the exchange of goods or...

Wefaq Law Firm
Jun 1, 20221 min read
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The Best Way to Learn How to Draft Contracts
A new lawyer asked us how to learn what contracts should say. He wanted to know how we take a template and make it into something our...

Wefaq Law Firm
May 28, 20221 min read
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Managing Expectations in Contract Negotiations
Negotiating contracts isn’t just about what you say when discussing the contract terms. It is also about the tone and expectations you...

Wefaq Law Firm
May 24, 20222 min read
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The Most Commonly Experienced Legal Issues in Business
When you’re running a business, it’s vital to carry out risk assessments and identify potential threats to your operations. While it’s...

Wefaq Law Firm
May 21, 20223 min read
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What is Legal Tech?
Law tech or Legal tech is the term used to describe technologies that aim to support, supplement or replace traditional methods for...

Wefaq Law Firm
May 16, 20222 min read
60 views
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Ten Tips for Writing Clear Contracts
Contracts are meant to be read – and that means they must be readable. Parties who understand their contracts are more likely to comply...

Wefaq Law Firm
May 11, 20224 min read
56 views
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Reviewing Business Contracts: What to Look for and How to Look for It
Cheat Sheet Be strategic. Focus on what matters — don’t try to win every point. Spotting issues. Be on the lookout for problems relating...

Wefaq Law Firm
May 6, 202210 min read
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Why legal ops needs to think about knowledge management
One of the biggest challenges that legal operations departments are still trying to figure out is Knowledge Management (KM). How do legal...

Wefaq Law Firm
May 3, 20222 min read
15 views
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