AL TAMIMI & COMPANY SHEDS LIGHT ON THE KUWAIT NEW COMPANIES LAW
The New Companies Law superseded the pre-existing law, the Commercial Companies Law of 1960. Given this highly anticipated change in the law, the Al Tamimi & Company Kuwait office held a seminar in Dubai on 23 January 2013 that provided an overview and initial thoughts of the new law. The seminar was attended by a number of high level executives throughout the region. During the seminar, Partner and Head of the Kuwait office, Alex Saleh, spoke about the structure and flexibility of the new law, as well as its compatibility with the Capital Markets Authority. Partner Philip Kotsis addressed the corporate governance and Shariah compliance aspects of the new law. The Kuwait office held a second seminar in Kuwait related to the New Companies Law on 11 February 2013.