Book an appointment with us, or search the directory to find the right lawyer for you directly through the app.Find out more
We are excited to share the latest edition of the Law Update, beautifully and appropriately titled “Sustainable Horizons: The Saudi Arabian Vision.” Giving special honor to the Kingdom’s 2030 vision, this update focuses on a collection of both informative and inspiring articles.
For those in construction, you can learn about how the tendering environment impacts risk-pricing for contractors, the updates on the legal framework of the construction industry and how contractors can protect themselves against financial difficulties.
There is good news too from the kingdom’s banking sector, from which the practice of “Open Banking” is being pushed for! But what is open banking? We’re answering that too.
Also . . . Are there any women trail blazers in Saudi Arabia you can name? We’ll help you with that. We cover how the Middle East has been making strides in empowering women in the entrepreneurial space,most notably in STEM fields.Read the full edition
Naief Yahia - Partner - Litigation / Construction and Infrastructure
Christine Maksoud - Senior Associate - Private Client Services
Foreign clients often face difficult decisions when deciding to operate their business or sell their products/goods in other territories. It is crucial for clients to have sufficient knowledge of the different options available for selling products, as well as the applicable regulatory requirements, in a new territory. The appointment of a commercial agent is the most common mechanism through which a foreign-based principal enters a new market. Such appointment creates a contractual relationship that often becomes subject to local laws in the respective jurisdiction. Therefore, understanding the extent of the application of the local laws is of paramount importance for foreign-based principals, whether they opt to enter in an agency, distribution or franchise arrangements with a local commercial agent, distributor or a franchisee.
In order to address the most commonly asked local law related queries raised by foreign principals intending to enter the market, we have conducted a Q&A exercise across Al Tamimi & Company offices in the region, namely United Arab Emirates, Bahrain, Iraq, Kuwait, Qatar, Egypt, Oman, and Saudi Arabia (“Territories”). The Q&A serves as a guide for our clients on commercial agency related issues. The guide can be found here which tackles, inter alia, the following issues:
We are confident that this guide is a valuable tool for our clients to evaluate the various options available when entering any of the Territories and the legal considerations associated with these options.
To learn more about our services and get the latest legal insights from across the Middle East and North Africa region, click on the link below.