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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
On the 16th of September 2021, Legislative decree No. 22 of 2021, promulgating the Law of Civil and Commercial Execution (the “New Execution Law”), was issued.
The New Execution Law is considered as a development to the judicial system, keeping pace with the requirements of sustainable improvement, aiming to increase the effectiveness of justice procedures.
The following are the most important focus points and updates under the New Execution Law:
In conclusion, this decree is set to establish smoother and more effective pathways through shortening the procedures and increasing the speed of enforcement.
The Litigation team regularly advises on all aspects of the litigation disputes. If you require further information on the litigation process or any other matter relating to the judiciary system in Bahrain.
Partner, Head of Litigation - Bahrainn.firstname.lastname@example.org
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