المدونة

During the current year 2022 AD, the Kingdom of Saudi Arabia issued many very important regulations and legislations, in addition to developing many other systems in line with achieving the Kingdom's vision for the year 2030 AD, in terms of financial inclusion, sustainability, and diversification of sources of income more than it was, and among those issued regulations is the new Saudi Companies Law Which was approved by Cabinet Resolution No. 678 dated 11/29/1443 AH

The new Saudi evidence system is one of the most important systems used to prove all rights, whether for civil or commercial transactions in the Kingdom of Saudi Arabia, as the Saudi regulator, when preparing it, was keen to include new types that keep pace with the technological and modern technical additions that Saudi Arabia is witnessing, and since this is so, the concept of the word evidence It is very important

It can be instituted before the courts in Saudi Arabia, and among those systems are the Saudi judicial system, the legal pleadings system, as well as the criminal procedure system.

The Kingdom of Saudi Arabia is working hard to be the largest and most attractive destination for major investments, especially for major international companies that want to have branches in the Middle East. In the United Arab Emirates, and it is worth noting that the Emirate of Dubai has been without a competitor for many years in terms of attracting foreign investments, especially international foreign companies that want to establish a regional center for them in the Middle East.

Recently, we are witnessing companies resorting to expansion through organizational restructuring processes, which may be by transforming the company into another type of company, or by merging with another company, or by division or acquisition, with the aim of achieving growth, and acquisition is one of the most important methods of organizational restructuring For companies, where the company may work to increase its assets and activities that positively affect its value, and it also evaluates its shares and stakes in the financial market if they are listed in it.

One of the most important bodies established by the Kingdom of Saudi Arabia is the General Authority for Competition, which is one of its specializations for which it was established to implement the provisions of the competition law and its executive regulations, including spreading the culture of competition in media platforms and means of communication, to enhance awareness among the public and the business sector and enrich specialized knowledge, And carrying out procedures for investigation, research, gathering of evidence, investigation and public prosecution in anti-competitive practices

Through which fair competition is protected and encouraged, and monopolistic practices that affect legitimate competition or the interest of the consumer are combated and prevented, leading to the improvement of the market environment and the development of the national economy in the Kingdom of Saudi Arabia.

The new Saudi Companies Law is characterized by the fact that it includes several general chapters that deal with either the incorporation of companies in the Kingdom of Saudi Arabia and how to manage them, as well as the controls applied in cases of liquidation, merger, transformation and division.

The parallel market in the Kingdom of Saudi Arabia is considered the most important current financial market in the Kingdom, through which trading operations take place, such as buying and selling shares, but with more flexibility and simpler conditions than the main market. 2030, which emphasized the necessity of building an advanced and open financial market to the world

Acquisition of companies in general is a transaction that includes the sale and purchase of shares of a company whose shares are listed in the market by submitting an offer or a private sale and purchase transaction. As for the reverse acquisition, it means that the listed company offers new shares to the shareholders of an unlisted company instead of their shares, so that these new shares represent More than 50% of the shares of the listed company with voting rights after the acquisition

Legal technology uses new technologies of artificial intelligence known as blockchain technology, to provide legal services better and more efficiently and help to handle the burdens of regulation and compliance more efficiently and effectively, and technology in the legal sector is also known as law technology (law technology), technology or regulatory technology The term legal technology used to refer to technology used by a law firm to help manage practice, accounts, billing, and document storage and retrieval, but, since around 2011, the term has evolved to include solutions that make access to justice easier for the public, sometimes without going to a lawyer's office, so that Connecting the public with lawyers through online platforms and for the provision of legal services.

The system of government competitions and procurement in the Kingdom of Saudi Arabia is considered one of the important systems in relation to the procurement and works needed by the authorities, as these purchases and works are obtained through an agreement concluded between one or more government agencies and one or more suppliers, contractors or contractors, and this on the one hand In addition, the Government Tenders and Procurement Law and its implementing regulations, in addition to its work on regulating procedures related to business and procurement, works to prevent the abuse of influence and the impact of personal interests in it, in order to protect public money.