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Saudi Arabia: Transformation of the Kingdom
Welcome to the Saudi Arabia focus edition of Law Update.
One of the key markets in the Middle East and North Africa (MENA) that continues to lead from the front is the Kingdom of Saudi Arabia (KSA). As the largest country in the Middle East and the 18th largest economy in the world, the progress KSA continues to make is underpinned by its Vision 2030 that envisions developing the country as an investment powerhouse and hub that ultimately connects Asia, Europe, and Africa. Given Saudi Arabia’s significance to the regional economy, our team of experts have prepared a range of pertinent articles that provide insights into new laws, regulations, and the legal landscape in the Kingdom.
This edition will provide you with an up-to-date guide on matters such as; the framework issued by the Saudi Central Bank on IT governance, the anti-corruption landscape under Vision 2030; we also provide practical tips for dispute avoidance. This is only a snapshot; there are many more articles within the KSA focus section for you to read, which we hope you will find valuable and enjoyable.
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A complete spectrum of legal services across jurisdictions in the Middle East & North Africa.
Adnan Al Erqsousi
Senior Associate
Biography
Adnan Al Erqsousi is based in our Ras Al Khaimah office where he is involved in all aspects of civil, properties, corporate and commercial litigation, including contractual or tort-based claims, regulatory and precautionary matters, issues of jurisdiction, and debt recovery actions.
In addition, Adnan provides legal advice in relation to contentious matters surrounding partnership and shareholder issues, property disputes, directors’ duties and certain criminal matters such as misappropriation of funds, defamation and fraud. Adnan also undertakes due diligence in relation to ongoing and potential litigation.
Recent Experience
- Representing an offshore fund management company in criminal matter related to cryptocurrency investment.
- Representing a pharmaceutical company in a multimillion dispute over distribution agreement.
- Advising a Development Company in several claims against land developers in a man-made islands located in Ras Al Khaimah.
- Advising a Tobacco Company on potential litigation with its commercial agent / distributor for cigarette brands in UAE.
- Advising a Leisure Company in criminal proceedings related to an aircraft accident.
- Advising a Governmental Entity on outstanding recovery in relation to an acquisition in Cement Factory.
- Undertaking comprehensive due diligence for a Development Company in relation to real estate claims.
- Carried out a legal due diligence in relation to current known litigation, nationally and internationally, and analyzed known potential litigation relating to a Governmental Authority.
- Assisting a PJS company in facilitating a transfer of shares before RAK Investment Authority.
- Advising a key client on partnership issues and precautionary matters in relation to a company based in RAK free zone.
Language(s)
- Arabic
- English
Education
2009 – B.A. Degree in Law, The University of Jordan
Admission
2011 – Jordanian Bar Association
Practice(s)
Insights
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