Insights into Saudi Arabia’s Evolving Laws & Regulations

Overview of KSA Civil Transaction Law

Nov 2, 2023

Overview of KSA Civil Transaction Law

Overview of KSA Civil Transaction Law

One of the notable features of the Law is its applicability to incidents, contracts and agreements that were entered before the effective date of the Law with the exception of incidents covered by any statutory provision or judicial principle related to the underlying incident and conflicting with the Law.
Although the title indicates ‘civil transactions’; yet, the Law contains provisions that are meant to regulate both civil and commercial matters insofar as they are not governed by other statuto-ry laws and provisions under the laws covering those transactions. For instance, the Law briefly covers issues related to Memorandum of Association related to companies; however, the provi-sions will not be applicable to companies formed under the Companies Law, 1443 H.2

To stay aware of these updates, we encourage you to follow us on social media to be informed of when they are posted. If you wish to discuss any of these changes or any impact the New Law may have on you and your business, please reach out to us for assistance.

AlGhazzawi & Partners

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Overview of KSA Civil Transaction Law

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