Kuwait: Law Firm Organisation Decision Issued
Kuwait’s Commerce and Industry Ministry has issued a Decision which includes a regulation for organising professional law firms. The Trade and Industry Ministry said it was drafted and approved together with the Kuwaiti Lawyers Association. It specifies the form of professional law firms. They can be a solidarity, a closed shareholding or a simple recommendation, or with limited liability. It also specifies the conditions for incorporation. The capital of the professional law firm, whatever form it takes, may not be less than 10,000 Kuwaiti Dinars. Under the new regulations, professional law firms cannot practice unless it is through a licensed partners or shareholder. However, a professional law firm may seek the assistance of licensed lawyers who are registered in the list of practicing lawyers, provided they are subject to the supervision and responsibility of the firm.