Kuwait: Contracts and Commercial Law

Kuwait's Decree-Law No. 67 of 2026 fundamentally restructures Kuwait Petroleum Corporation, shifting it from a heavily regulated public entity to a commercially managed enterprise with board-led governance and streamlined contracting powers. The amendments remove prior-oversight constraints, prohibit local agency intermediation, and position KPC as a quasi-holding company with expanded authority over subsidiaries, financing, and procurement. What do these reforms mean for international counterparties, lende

For many years, whether disputes based on distribution agreements may be submitted to arbitration was an unsettled matter in Kuwait.