STA Law Firm has a team of settlement experts to represent secured creditors, debtors, trustees, equity holders and suppliers....
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Read more informationSTA Law Firm is one of the leading law firm in Banking and Finance, Capital Markets, DIFC, Compliance and Regulatory practices. ...
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Read more informationIn today’s competitive business environment the mining industry is becoming a very attractive option for foreign investors. New projects are being launched, but we can appreciate that foreign investors will find the mining industry......
Read more informationSTA lawyers recognize that the healthcare industry comprises of a variety of individuals, professions, teams and organisations that may need our legal services. We have considerable knowledge and experience......
Read more informationClients rely on and trust STA's banking lawyers to take a timely, practical and individually tailored approach to meet specific requirements of our clients. ...
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Read more informationSTA’s seasoned team of property lawyers in Dubai, Abu Dhabi and across the UAE have thorough and extensive knowledge and experience in dealing with construction and real estate law matters. Learn more about our expertise and our team of property lawyers...
Read more informationSTA's lawyers in UAE specialize in all areas of contentious as well as non-contentious discipline in oil and gas industry and advice on both upstream and downstream work. Consult one of our Senior Energy Lawyers in Dubai or other offices today!...
Read more informationCombining variety of practice disciplines to provide extensive advice and counsel to clients, STA’s FMCG practice represents companies in a broad range of industries including large scale franchisors, Fortune 250, and multinationals ...
Read more informationShipping and Maritime Law Firm - UAE, Middle East, Asia and Europe. Expert advice on ship building, ship fiance, sale and purchase, compliance, due diligence and more. Our lawyers advice on all types of vessel including bulk carriers, tankers, cruise ships, offshore rigs and support vessels....
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Read more informationNew Law on Competition in Kuwait
The Kuwaiti legislators are currently undertaking a critical analysis of the newly established competition law. This legislation shall grant broad powers to the Competition Protection Authority (the CPA) of the country. It will certainly be instrumental in encouraging enhanced investments in this Gulf state. The Ministry of Commerce (the MoC) is speaking of more amendments in order to welcome more investments into creating a more investor friendly business environment. The CPA has off late joined hands with myriad of corporations to put the government body back on track. The CPA is a body run by the state government which is monitoring the operations in the domestic market, in consonance to serving consumers and producers.
The CPA was established via the Law Number 10 of 2007 regarding Protection of Competition, where the provisions were issued under the Council of Ministers Resolution Number 106 of 2009 and further amended by the Council of Ministers Resolution Number 994 of 2015. This law regulates the protection of competition. The law further applies to all the entities including the international persons who conduct businesses in Kuwait and to natural and artificial persons like merchants, etc. the law ensures that the fact that the freedom to practice economic activities, shall not come in the way to curb free competition or preventing the harm.