The Kingdom of Saudi Arabia recently issued the new civil transactions law on June 19, 2023, by Royal Decree M/191, with a grace period of six months, meaning the Law will be effective in December 2023. The new Law brings significant changes and updates to the legal framework governing civil transactions within the Kingdom. It… Continue reading Saudi Arabia’s New Civil Transaction Law
On June 28th, 2022, Saudi Arabia approved a new Commercial Companies Law, “New Law,” to enhance the country’s business environment. The law and its Executive Regulations entered into force on 19 January 2023, replacing the previous Saudi corporate law regime. The “New Law” was enacted by Cabinet Resolution No. 678, dated June 28, 2022, and… Continue reading New Saudi Commercial Companies Law: Important Changes and Reforms
