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.Read the edition
Customers and suppliers, even if not immediately affected by the outbreak of the coronavirus, should be undertaking a comprehensive review of their technology contracts so as to determine their contractual rights, limitations, and obligations in the context of current, and possible future, circumstances
We set out below some specific technology contracts issues to consider:
As above re: business continuity / disaster recovery, if an exit plan was supposed to have been put in place, but has not yet been prepared, customers should ensure the preparation of an exit plan is actioned asap. For more in depth analysis of disengagement services, read our article on IT Disengagement Services