Saudi Arabia Update: MINISTRY OF COMMERCE SEEKS PUBLIC FEEDBACK ON DRAFT LAWS REGULATING COMMERCIAL TRANSACTIONS

Saudi Arabia’s Ministry of Commerce invited the public to send their feedback on the two draft laws regulating the commercial transactions and the commercial agency. The feedback will be received until Jan. 27, 2022.

The commercial transactions draft law comprises provisions regulating the commercial business and other terms related to merchants, commercial obligations, electronic registration, and others.

Meanwhile, the commercial agencies’ draft law seeks to develop a legal framework organizing relations between the agreement parties while maintaining their rights and ensuring transparency.

By Hammad & Al-Mehdar, Saudi Arabia, a Transatlantic Law International Affiliated Firm. 

For further information or for any assistance please contact saudiarabia@transatlanticlaw.com

Disclaimer: Transatlantic Law International Limited is a UK registered limited liability company providing international business and legal solutions through its own resources and the expertise of over 105 affiliated independent law firms in over 95 countries worldwide. This article is for background information only and provided in the context of the applicable law when published and does not constitute legal advice and cannot be relied on as such for any matter. Legal advice may be provided subject to the retention of Transatlantic Law International Limited’s services and its governing terms and conditions of service. Transatlantic Law International Limited, based at 42 Brook Street, London W1K 5DB, United Kingdom, is registered with Companies House, Reg Nr. 361484, with its registered address at 83 Cambridge Street, London SW1V 4PS, United Kingdom.