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The banking system of Kuwait is supervised by the Central Bank of Kuwait. Before passing "Law No.8 of 2001 regulating Direct Foreign Investment in the State of Kuwait" and "The Council of Ministers Resolution No.(2/1006) of 2003 regarding incorporation of Kuwaiti companies with foreign share of 100% of its capital", all Kuwaiti banks were entirely Kuwaiti-owned or owned by the Kuwaitis in conjunction with other Arab nationals only. But since passing Resolution No.(2/1006) of 2003 regarding incorporation of Kuwait companies with foreign share of 100% its capital, the Central Bank of Kuwait has issued many licensees to foreign banks. Further with the issuance of Law No. 28/2004 amending certain provisions of Law No.32/11968 by the Central Bank concerning currency and the banking business in Kuwait provides an important stride toward enhancement of banking regulation in Kuwait.

So now this is one of the most important practice area of Dr. Khaled Al-Yaqout Law Firm, where we have a team of most experienced and expert Lawyers and Consultants who have worked as a Legal Advisors/Consultants, Legal Managers and General Managers (Legal) in many leading Banks and Financial Corporations in Kuwait, Egypt and other countries. Our Lawyers and Consultants in this field are very talented and professional because of their high qualification and rich experience. In this area of practice of our Law Firm, our specialist lawyers handle all legal disputes and actions which encountered and raised by the major Banks and Financial Corporations within and outside of the Kuwait. Our Law Firm represents a wide range of litigations in this area of practice includes General Commercial Disagreements with Borrowers, Over Drafting, Bank Guaranties, Loan Sanctions, Money & Credit Transactions, Letter of Credit& Guarantees etc. We also deal with related issues and prepare & review the various Banking Contracts relevant to the investment transactions.