Signs of Economic Recession / Is It Time To Apply The Law Of Preventative Settlement from bankruptcy? Given the unstable economic situation inside and outside the Kingdom and the emergence of insolvency with certain companies in general and contracting ones in particular in terms of their capacity to satisfy their obligations on time, we, the […]
Arbitrary Dismissal of the Employee Achievement of justice and finding a balancing point between the parties of the employment contract is the main objective of all labor Laws around the world. This could be achieved through regulating the contractual relationship between the employer and the employee in an attempt to reduce the autonomy of will
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To Combat Organ Trade (A Law on Human Organ Donation Passed) On 19/08/1442 AH corresponding to 01/04/2021 G, a Royal Decree No. (M/70), dated 09/08/1442 AH, has been promulgated sanctioning a law on Human Organ Donation. This law shall come into effect within 90 days from the date of publishing the law in the official
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The General Investment Authority adopts the International Standard Industrial Classification Introduction The International Standard Industrial Classification of All Economic Activities is a United-Nations system for classifying economic data, and the International Standard Industrial Classification of All Economic Activities is used on a large scale at the national and international levels in data classification, according to the
Shifting some powers and jurisdictions from the Ministry of Municipal and Rural Affairs to the Ministry of Environment, Water and Agriculture On July 1, 2020G, corresponding to Dhul Al-Qada 10, 1441H, the Saudi Cabinet issued a decision endorsing switching seven powers and jurisdictions from Ministry of Municipal and Rural Affairs (MMRA) to Ministry of Environment,
Financial guardianship over minors to be lifted at the age of 18 The article stipulates that minors shall be placed under financial guardianship until they attain the age of 18, in accordance with what is considered by the jurists as a suitable age for lifting guardianship on minors. Guardianship is lifted upon ensuring adulthood and good disposition
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Investment licenses activities In the renaissance and development era, there is no doubt that our beloved Kingdom is at a stage of great transformation; and as we explained in the previous articles, the Kingdom has provided many opportunities for the country’s optimal development, thus opening the foreign investment business opportunities in the country, while organizing
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New Enforcement Bill introduces description of offences & penalties on the parties involved with enforcement proceedings The new Enforcement draft law has brought a wide understanding of the offences and penalties. The legislators have streamlined and specified the offences and its penalties that would apply on whoever has connection with applicant of the enforcement such
IT Crimes Why This Law has been Issued Since 07/03/1436H, the Board of Ministers has resolved laws fighting IT and e-transaction crimes. We hereby would like to define IT crimes as: – “Any act committed related to computer or internet violating stipulations of this law.” These regulations are issued to limit such crimes, assigning penalties
Claiming termination of partnership and reimbursement capitals for not sharing dividends Disregarding the court orders and failure to show up at the court hearing fixed by courts of law might be a ground to prove the right claimed against a defendant is evidentiary. We refer to a case below as an example to make readers
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