STA is a full practice law firm headquartered in Dubai with offices across UAE (Abu Dhabi, Dubai, Sharjah and Ras Al Khaimah) and overseas (Bahrain, Delhi, Doha, Luxembourg, Moscow, Portugal and Mumbai). We work alongside several groups of companies within the Oil and Gas, Maritime, Logistics, Real estate, Construction, Hospitality and Healthcare sectors in the region and internationally providing them with our signature bespoke and cogent legal advice. We successfully represent our clients at various courts and arbitration centers across the UAE. We are also approached by several investors internationally who wish to find suitable business partners in the region.
The Kuwait Government Ministry of Trade and Economy (the Ministry) issued a statement which outlines that newly introduced regulations with regards to power of attorney (PoA).
The Kuwait Government Ministry of Trade and Economy (the
Ministry) issued a statement which
outlines that newly introduced regulations with regards to power of
attorney (PoA). These regulations have come into effect on 5 April
2019.
There were several rounds of discussions which took place
amongst various shareholders, where the Ministry finally amended
the terms as follows:
Late filing of the PoA within one
month from the date of filing
Softcopy of the PoA mandatory for
filing
A single PoA will suffice for filing
various applications which belong to the same applicants
The PoA will have a validity for a
period of 10 years.
The regulations states that the PoA should be accompanied by an
application upon which the term of three (3) months for late filing
shall not be applicable.
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