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Abdul Razzaq Abdullah & Partners LAWYER & LEGAL CONSULTANTS SINCE 1972

COMMERCIAL INTERESTS

The legal system as well as the geographical position of Kuwait is well suited to meet the needs of people doing business in Kuwait. Article 29 of Kuwait’s constitution states that; All people are equal in human dignity and public rights and duties before the law, without distinction as to race, origin, language, or religion. The State of Kuwait is located in the North-West of the Arabian Gulf. The Arabian Gulf lies on its East, on its South and South-West is the Kingdom of Saudi Arabia, and on its North and North-West is Iraq. Giving Kuwait a commercially advantageous location where it reaches large middle eastern markets.

Kuwait follows a noninterventionist commercial policy. The Customs Duties are minimal; the rate is just 5% on the C.I.F. cost on almost all imports. Fresh vegetables, fruits, livestock, and such items are exempted from the Customs Duties.

There are no restrictions in Kuwait regarding quality or quantity except that the imported goods should match Kuwaiti standards (Halal). Besides, there are neither restrictions on foreign exchange transactions nor any ban on trade with other countries except Israel.

Official tenders are issued by Government Departments and Ministries. Oil Companies and Joint-Stock companies are open to all Kuwaiti Contractors and Contracting Companies who are members of the Kuwait Chamber of Commerce and Industry.

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Debt Collection and Decree Execution

Debt Collection:

The firm takes the following steps to ensure the full collection of the debt:

  • Judicial warning to the debtor.
  • On failure to comply with the warning to settle the debt, a Court decree is obtained pursuing a lawsuit at the court.
  • Precautionary measures are taken against the debtor.

Decree Execution:

The Firm maintains substantial influence over various parties to facilitate the execution process. If the situation requires the firm’s involvement in inquiries that reveal the financial status of the debtors, the firm actively pursues such inquiries. The procedure for enforcing the Court’s judgment is as follows:

  • Dispatch of the court’s decree promptly to the debtor.
  • Avail the option of seizure, sequestration, apprehension, arraigns detention, and obstruction from travel.
  • Incapacitate debtor’s bank accounts and assets.

Establishment of Companies

Companies in Kuwait are established under the Commercial Companies Law (CCL). The liability of the shareholder is limited to the extent of the capital invested by the shareholder in such companies. One of the major rules in setting up a business in Kuwait is that the foreigner must have a Kuwaiti partner.

Here at Abdul Razzaq and partners law firm, we have helped hundreds of foreign clients set up all the legal foundations they need to successfully establish their business in Kuwait. We helped them establish and maintain a solid legal foundation to help them run their business smoothly and have a proactive approach to forecast issues that might arise and solve them before they do, saving the business owners time and money.

Writing and reviewing Legal agreements

We provide legal agreement drafting and reviewing to our clients, whether those agreements are between their partners or other entities, to ensure that the documents are legally sound and inclusive of both parties’ rights.

Authentication of Documents

Our legal and paralegal staff ensure that all the legal documents our clients need are authenticated, whether from the government or other entities, thus eliminating this hassle from our clients and ensuring that our legal team or clients can submit these documents successfully.

Litigation, Dispute Resolution, and Arbitration

We provide Local and International Litigations, Local and International Arbitration, and Mediation services.

When litigation is the only solution, Our lawyers at ARALF act promptly in pursuing every legal tactic possible to reach decisions favorable for the clients’ objectives. Our lawyers have vast experience in litigating before the Kuwaiti courts of all levels and are experts in debating cases at the Department of Experts.

On the international level, our lawyers have participated in different international panels of arbitration according to the provisions of the International Chamber of Commerce (I.C.C.) and (AAA).

Consultation and legal Advice

The firm offers consultations and legal advice for clients who either have an ongoing dispute or those who wish to be proactive and prevent future legal complications.

The firm also has a strong industrial prominence and represents developers, financial institutions, and corporate bodies. ARALF assists not only in the expansion phase of a project but also to formulate, legalize as well as restructure and rationalize business ventures.

The firm helps to plan and implement all sorts of transactions, whether it is complicated legal contracts or conveyance, cross-border deals, and/or acquisitions.

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