Main headlines from this issue

Kuwait’s ‘National Offset Company’ to be wound up

Kuwait’s Council of Ministers has decided to transfer authority for the National Offset Company’s offset program from the Ministry of Finance to the Ministry of Commerce and Industry…. All offset contracts will be subsumed into the new agency which will have the status of a government department rather than a limited company.

Kuwait: “Notarised Power of Attorney was untruthful” – Court petition to declare Chairman and Board invalid

Mr Quraishi’s lawyers allege several technical but actionable violations by members of the NOC’s board…. A confidential letter sent to the Minister of Finance by Quraishi’s legal team requested that the Deputy Prime Minister and the Minister of Finance take legal action against Mr Sheetan...

Kuwait: Litigation from former CEOs takes its toll

Othman Al Quraishi has opened two lawsuits against the NOC and our sources indicate he is considering a third. Mr Mutawaa’s case has reached the stage of…. Court records indicate that Mazen Madooh was last month awarded...

Mexican love affair hits the rocks – offset initiative suspended

The Mexican government’s work towards a formal offset policy has been suspended, in effect closing it down...

EC seeks to muzzle CTO

The European Commission has banned the Editor of CTO from attending a conference titled “Defence Market Access for SMEs: from Offsets to Subcontracting” scheduled for February 24th, 2014 in Brussels.