Kuwait: Amendments to the Companies Law Relating to the Protection for Minority Shareholders
These amendments came about by approval by Kuwait's National Assembly and amend the law relating to protection for minority shareholders. Such modifications reduce the minimum percentage of shareholders to request a general assembly requirement from 25% to 10%. Distribution of profits approved in a general assembly would take place within one month of the meeting. For companies with multi directors, the general assembly would determine their powers and responsibilities. The increase of time concerning which the institution of a general assembly is now 15 to 21 days.