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October 30, 2014
FATCA enacted in 2010 by the US Congress

FATCA, enacted in 2010 by the US Congress, targets non-compliance by US taxpayers using foreign accounts and requires foreign financial institutions to report information about financial accounts held by US taxpayers, or by foreign entities in which US taxpayers hold a substantial ownership interest.


September 16, 2010
Foreign ship detained in the country for debt owed to a company

The judge of summary matters at the First Instance Court, Mr. Hesham Abdulla, ruled for imposing attachment on a foreign ship at one of Kuwait's ports, as it is indebted to the company claiming attachment due to supplying the ship with fuel required to operate it at Colombo and Singapore ports, without paying the value of this fuel, provided the attachment is removed if a guarantee or bond agreed upon by the litigants is submitted.


January 18, 2010
Lawyer Hussien Al-Ghareeb: MPs may not join the board of directors of companies

Lawyer Hussien Al-Ghareeb has confirmed that the law prohibits members of the parliament to join the membership of the board of directors of companies, "but if the directorship preceded membership in the National Assembly, they may be combined, provided the MP is not re-appointed or elected in the company."



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