Kuwait Ministerial Decision No. 1722/2024 Implementing Regulation of Kuwait Law No. 125/2023 on the Regulation of the Real Estate Powers of Attorney
The Minister of Justice:
Pursuant to the perusal of Kuwait Law No. 125/2023 concerning the regulation of Real Estate Powers of Attorney;
Kuwait Law No. 10/2020 concerning authentication;
Kuwait Ministerial Decision No. 348/2021 on the Implementing Regulation of Kuwait Law No. 10/2020 concerning authentication;
Has issued the following Decision:
Article 1
In application of the provisions of this Regulation, the following terms and expressions shall have the meanings assigned thereto:
Minister/Minister of Justice.
Ministry/Ministry of Justice.
Real Estate Power of Attorney: A contract in which the principal appoints another person to act in their place for conducting a legal action that transfers ownership of a real estate property, with the effects benefiting the agent or a third party.
Implementing Regulation/The Implementing Regulation of this Law.