Kuwait: new companies law
A positive step has been recently taken by the Parliament of Kuwait to reflect the changes that have occurred over the past years concerning commerce and industry in the Gulf Cooperation Council (GCC) region and in various economies around the globe.
A new companies law has been passed in Kuwait which provides a more realistic and practical perspective than the previous companies law. The issuance of such new companies law can be regarded as progress as it reforms the outdated practices and offers investors a more attractive investment environment, which will positively affect the economy in Kuwait. Law No. 25 of 2012 Promulgating the Companies Law was published in the official gazette — (Al Kuwait Al Youm) on 29 November 2012.
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