BSA and SAGIA Promote Foreign Investment in Saudi Arabia Throughout the UK and Ireland

The Saudi Arabian General Investment Authority (SAGIA), the authority for attracting, developing and enhancing international investment in Saudi Arabia, accompanied UAE-based law firm BSA Ahmad Bin Hezeem & Associates LLP (BSA) in hosting a series of business seminars in the United Kingdom and Ireland, to highlight key investment opportunities in Saudi Arabia. Titled ‘Doing Business…

Spanish Companies Look Towards The UAE For Expansion Opportunities

Working breakfast with BSA Law Firm and the Dubai Chamber of Commerce and Industry Madrid, January 25, 2019, The United Arab Emirates, an eminently oil country, has been implementing a policy of economic diversification for two decades, thus allowing other sectors to thrive. In this sense, Spanish companies have established themselves as reference investors in…

Bankruptcy Proceedings in Oman

Although there is no separate bankruptcy law in Oman, both the Commercial Code of 1990 and the Commercial Companies Law of 1974 provide a framework for the bankruptcy of traders and liquidation of insolvent companies. Under the laws of Oman, bankruptcy of a person must be declared by the Court. Article 579 promulgates that, “Every…

Omani Consumer Law: 5 things you might not know

In 2014 Oman promulgated, by Royal Decree No. 66/2014, the new Consumer Protection Law setting out the general requirements for consumer protection and aiming to combat monopolistic behavior towards consumers. Furthermore, in March 2017 the Public Authority for Consumer Protection (hereinafter, the “PACP”) issued Decision No. 77/2017 (hereinafter, the “Regulation”) aimed to supplement the above…

Setting up a business in KSA

By Lujain Al Yousef, Associate, and Abdullah Alanezi, Partner.   Over the years the Kingdom of Saudi Arabia (KSA) has become a place of interest for many investors around the world. For businesses wishing to expand into international markets, KSA is the perfect choice. It is an economically stable country with a constant increase in the domestic…