Blog categorized as Article

The legal framework for the experience of FinTech in KSA!

14.03.23 01:14 AM - By Abdullah Al Shelikhi - Comment(s)
In the last decade, the financial services sector has benefited greatly from technological development to enable a more efficient market infrastructure. Governments around the world in general, and the government of Saudi Arabia in particular, have noticed the increasing growth and huge inflation in...

A new implementing regulation for foreign law firms: The newest path on 2030 vision’s road!

16.02.23 01:13 AM - By Abdullah Al Shelikhi - Comment(s)
With the aim of raising the level of the legal profession and developing it on a modern basis, as well as improving the investment and business environment in the Kingdom, in addition to ending the random practice of dealing with foreign law firms, which has negative effects on legal services provid...

Public-Private Partnership Contracts: The 2030 vision’s Optimal Tool for Infrastructure Development!

22.01.23 01:12 AM - By Abdullah Al Shelikhi - Comment(s)
For the progress and well-being of KSA and its citizens, the government seeks to build bridges of a sustainable partnership with the private sector to implement development plans within Vision 2030. To achieve this, the Kingdom provides ways to facilitate that partnership’s procedures and support an...

The era of entrepreneurship | A new companies law in KSA!

12.01.23 01:09 AM - By Abdullah Al Shelikhi - Comment(s)
Lately, the Kingdom of Saudi Arabia has issued the new companies law, which will be compatible with KSA vision 2030, and encourages foreign investors to join in on the significant economic developments in Saudi Arabia. In addition, states a new form of a company called “Simplified Joint Stock Compan...

"Protecting Your Thoughts: Exploring Intellectual Property Rights in Saudi Arabia"!

20.12.22 06:20 AM - By Abdullah Al Shelikhi - Comment(s)

 

In today's fast-paced and highly competitive business environment, Protecting your ideas and intellectual property from theft is a more critical task for businesses than ever before. This is especially true for businesses located in Saudi Arabia, where the KSA works to develop its legal framew...

reanimation or expiration! What is Saudi bankruptcy law aim for?

02.12.22 01:44 PM - By Abdullah Al Shelikhi - Comment(s)
With the presence of seven solutions offered by the new Saudi bankruptcy law, to regulate the situation of insolvent companies, the question arises about the reality of the goal that this law aims to! Does the new Saudi bankruptcy law seek to help and support these companies to continue their activi...

The legal framework for the experience of FinTech in KSA!

23.11.22 02:54 PM - By Abdullah Al Shelikhi - Comment(s)

In the last decade, the financial services sector has benefited greatly from technological development to enable a more efficient market infrastructure. Governments around the world in general, and the government of Saudi Arabia in particular, have noticed the increasing growth and huge inflation in...

Settings up corporates (7): The legal framework of corporate governance - Overview!

13.11.22 04:20 PM - By Abdullah Al Shelikhi - Comment(s)
We will adopt leading international standards and administrative practices, helping us reach the highest levels of transparency and governance in all sectors”! Under the slogan “An ambitious nation.. Effectively governed..” the previous words came to confirm the keenness of the Kingdom of Saudi Arab...

setting up corporates (6): The legal regulation of online stores!

25.10.22 11:57 AM - By Abdullah Al Shelikhi - Comment(s)
In the recent past, technological development, digital transformation, and electronic transactions were seen as the tools of the future in the world of business and finance, and many did not expect that this future might become present in a few years, and that "e-commerce" would become one...

setting up corporates (5): The legal regulation of commercial agencies!

10.10.22 10:27 AM - By Abdullah Al Shelikhi - Comment(s)

For more than six decades, the Kingdom of Saudi Arabia has been keen on paying attention to the private sector to become the mainstay of economic activity, through policies, incentives, and regulatory initiatives aimed at increasing the effectiveness of the private sector in the national economy.

Per...

setting up corporates (4): the legal system of teleworking!

21.09.22 10:36 AM - By Abdullah Al Shelikhi - Comment(s)

Legal systems are a reflection of the reality of the society that organizes them, and they generally aim to organize and satisfy the needs of the members of this society, which explains the need to renew and develop these systems with the passage of time and changing circumstances. In recent years, ...

setting up corporates (3): Periodic legal work of the company!

15.09.22 08:50 AM - By Abdullah Al Shelikhi - Comment(s)

 

In a previous article, we pointed out that the task of the legal advisor starts from the moment the idea of the commercial project or its commercial character is born, and then his role appears more clearly at every stage of the existence of the commercial company, starting from negotiating an...

Setting up corporates (2): Steps to Getting Started!

24.08.22 06:23 PM - By Abdullah Al Shelikhi - Comment(s)

 

To set up the company legally, and after doing the legal feasibility study of the project and analyzing the legal risks that it may face, there are some basic steps that must be taken so that the company can start its activity legally.

These steps are represented in three important steps, which...