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Deal by Design
Welcome to this edition of Law Update, focusing on the evolving M&A landscape across the MENA region. With deal activity and value continuing to grow, the region is seeing increased investor interest alongside a changing regulatory environment.
This edition explores key legal and market developments affecting M&A transactions, including regulatory reforms, foreign investment, governance, due diligence and deal structuring across the region.
The long-awaited revisions to Saudi Arabia’s Personal Data Protection Law (PDPL) have recently been published. The changes are welcome, but much of the detail will be contained in the as yet unpublished Regulations.
We will be providing a fuller briefing in due course. In the meantime, key revisions to PDPL include:
Other areas addressed by the revisions to the PDPL include: clarifying the powers and functions of the KSA data protection regulator, revisions to the provisions dealing with data processors and also privacy policies, modifications to some of the penalties for breach of the law, and amendments that potentially make it easier for a controller to appoint a data processor. The amendments also tidy-up the drafting and address unclear language.
The changes are welcome, but much of the detail will be contained in the, as yet unpublished, Regulations. So how these new provisions will operate in practice remains to be seen.
Our Digital & Data team would be pleased to assist in providing advice on the revised Law and on compliance steps for business. Please reach out to Nick or Simon if you have any specific queries.
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