On August 11, 2024, the Kingdom of Saudi Arabia (the “Kingdom” or “Saudi Arabia”) issued the new Investment Law, pursuant to Royal Decree number M/19 (the “New Investment Law”), which is intended to replace the Foreign...more
The Civil Transactions Regulation (the “CTR”) was promulgated on 18 June 2023 and entered into force on 16 December 2023. The CTR was conceived as one of four key reforms announced in February 2021 to enhance the general...more
1/5/2024
/ Breach of Contract ,
Contract Termination ,
Contract Terms ,
Dispute Resolution ,
Force Majeure Clause ,
Good Faith ,
New Regulations ,
Penal Code ,
Personal Status Law ,
Regulatory Agenda ,
Sales ,
Saudi Arabia
In conjunction with the Ministry of Justice of the Kingdom of Saudi Arabia (“KSA”), the Saudi Centre for Commercial Arbitration (“SCCA”) conducted a study into KSA legislation and confirmed that parties to Saudi arbitration...more