News
KSA announced Civil Transactions Law
A major game changer in Saudi Arabia’s legal system is dawning. The Kingdom decided to change its direct application of Islamic sharia to a unified Civil transactions law. Civil codifications of such kind contain amongst others general rules for all contracts, torts, compensation of damages, ownership and major transactions. It remains to be seen over the coming days what details this allegedly around 700 article strong codification contains. SCHLÜTER GRAF is looking forward to keeping you updated.