Legal Framework
From The Report: Saudi Arabia 2023
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Saudi Arabia has embarked on significant legal reforms in line with Vision 2030’s focus on creating a vibrant society, a thriving economy and an ambitious nation. These reforms include the introduction of key laws like the Personal Status Law, the Civil Transactions Law, the Penal Code of Discretionary Sanctions and the Law of Evidence. These laws aim to enhance and harmonise the legal ecosystem, as well as reduce ambiguities in the legal framework. The Law of Evidence and the Personal Status Law have already been issued, with the Civil Transactions Law and the Penal Code of Discretionary Sanctions in process as of mid-2023, marking a major milestone in the Kingdom’s legal landscape.

This chapter contains a viewpoint from Eyad Reda, Managing Partner, Eyad Reda Law Firm.

Articles from this Chapter

Overview

Letter of the law: Recent legal reforms and their future impact on business
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In light of the major steps taken to achieve Vision 2030, which is focused on the three pillars of a vibrant society, a thriving economy and an ambitious nation, in early 2021 Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud announced several profound legal reforms: the Personal Status Law, the Civil Transactions Law, the Penal Code of Discretionary Sanctions and the Law of Evidence. Each of these laws plays a role in enhancing and harmonising the legal ecosystem and reducing ambiguities. The…

Viewpoint

Underpinning growth: Eyad Reda, Managing Partner, Eyad Reda Law Firm, on enhancing the Kingdom’s legal framework, the path to prosperity and the making of a new era
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Viewpoint:Eyad Reda “My first goal is for our country to be a successful and pioneering model in the world at all levels, and I will work with you to achieve that.” This statement by King Salman bin Abdulaziz Al Saud sets the foundation for the advancement of the Kingdom, within which the legal framework is an integral part. Indeed, the legal framework is linked with every other aspect of progress as it forms the foundation of development. In this sense, growth can take various forms. When…