Khurram Ali / Partner / Middle East
M (KSA) + 966 54 031 3408, M (UAE) + 971 56 681 0508
Abu Dhabi Global Market (ADGM) is to expand its reach with the inclusion of Al Reem Island, creating one of the largest financial districts in the world.
04-05-2023 / Commodities & Trade, Energy & Infrastructure, Hospitality & Leisure, Maritime, TMT
KSA has been actively pursuing economic diversitication for investors to do business in the Kingdom. The first Special Economic Zone has now been established, with special commercial regulations.
The Saudi Centre for Commercial Arbitration (SCCA) has recently updated its arbitration rules, which came into effect on 1 May 2023 (the Rules). We provide an overview of the key changes.
As an exceptional development to the KSA Court and Legal system, the Judicial Fees Law (the “New Law”) issued by the Council of Ministries by Royal Decree No. M/16 on 30/1/1443 (corresponding to 7 September 2021 G) will come into force for the Hijri date (corresponding to 14 March 2022 G) which is 180 days from when the New Law was published.