Commercial secrecy shapes economic settings
Decree-Law No. 78 of 2026 was issued in Kuwait with the aim of combating commercial concealment and regulating economic activities to prevent their practice without a license. The decree imposes strict sanctions, including imprisonment for a period ranging from one to three years, fines between 10,000 and 100,000 Kuwaiti Dinars, as well as the confiscation of funds and profits obtained from the crime. It also offers a reconciliation option to settle certain violations by paying a fine of no less than half of the maximum penalty. Furthermore, designated officials are granted administrative authority to facilitate the enforcement of the law. The decree aims to enhance transparency and justice, regulate the business environment, and address the economic chaos resulting from unauthorized activities.
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