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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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DIFC Wills Registration suspended
Due to the current situation with the coronavirus (COVID- 19), the DIFC Wills Service Centre we will not be accepting any appointments at their offices from Wednesday 18th of March 2020 until 26th April 2020 (or until further notice and subject to change depending on any Government directives issued).
The DIFC Wills Service Centre are currently working on a virtual registration system which they hope to launch before the end of next week. Al Tamimi & Company’s Private Client Services lawyers are keeping a close eye on this and will update our clients as and when we have more information.
In the meantime, we are strongly encouraging our clients to consider their legacy planning and get in touch with us to prepare their wills and have everything ready for when the DIFC Wills Service Centre launches their virtual registration system. Times like these are a good opportunity to take stock, consider loved ones and plan for yours and their future.
Please feel free to get in touch with us to discuss your requirements and available options, both in Dubai and Abu Dhabi.
Dipali Maldonado
Senior Counsel, Private Client Services
d.maldonado@tamimi.com
Ruksana Ellahi
Senior Associate, Private Client Services
r.ellahi@tamimi.com
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