family

Commercial law

Commercial law

Commercial law, also known as commerce law is the body of laws that apply to the rights, relationships, and behavior of persons and businesses involved in commerce, promotion, commerce, and sales. It is often considered a branch of civil law and deals with issues of both private and public law.

Types of commercial law include:

  • Laws regulating the sale and distribution of goods
  • Financial transactions
  • Commercial transactions
  • Consumer protection
  •  Business operations

Determine the basic premise for doing business in Kuwait in Articles 23 and 24 of the Kuwaiti Trade Law. Article 23 states that non-Kuwaitis may not engage in commercial activities in Kuwait without having a Kuwaiti partner whose share of shares is at least 51%. Article 24 stipulates that a foreign company may not establish a branch in Kuwait, nor may it engage in commercial activities in Kuwait except through a Kuwaiti agent.

Dhaidan Al Ajmi Law firm will provide you with the needed legal consultation and guidance with the related matters.