• Home
  • Business
  • Economy
  • Finance
  • Investment
    • PIF
  • Technology
  • Real Estate
  • Events
  • Vision 2030
  • Projects
    • NEOM
    • Qiddiya
    • The Line
Saudi Business News
Sunday, June 8
00:04
35 °c
Riyadh
No Result
View All Result
Saudi Business News
  • Home
  • Business
  • Economy
  • Finance
  • Investment
    • PIF
  • Technology
  • Real Estate
  • Events
  • Vision 2030
  • Projects
    • NEOM
    • Qiddiya
    • The Line
No Result
View All Result
Saudi Business News
No Result
View All Result

HomeBusinessRevamping Legal Dynamics: Saudi Arabia Considers Foreign-Owned Law Firms

Revamping Legal Dynamics: Saudi Arabia Considers Foreign-Owned Law Firms

Proposed Legal Reforms Could Revolutionize Saudi Business Landscape

June 26, 2024
in Business, Vision 2030
Reading Time: 1 min read
153
SHARES
1.9k
VIEWS
Share on FacebookShare on XShare on LinkedInShare on Telegram

RelatedPosts

Private Aviation Expansion in Saudi Arabia: New Charter Rules

Saudi Arabia Startup Expansion: Key Steps for Success

Esports World Cup: Saudi Arabia’s $70M Gaming Investment

The legal sector in Saudi Arabia is currently at the heart of widespread anticipation, prompted by reports of a likely overhaul allowing wholly-owned foreign law firm subsidiaries to operate within the country. Such a shift could significantly alter the legal market in the region’s most robust economy, potentially inviting a wave of international firms to the Gulf’s most populous nation.

The suggested revision to the Code of Law Practice, which could strip the stipulation for foreign entities to collaborate with Saudi legal professionals, has ignited vigorous discussions among those in the legal field. During this public consultation phase, the industry’s stakeholders deliberate on the ramifications of what could be a pivotal transformation for the Saudi legal framework.

Almost a fortnight since the National Competitiveness Center (NCC) indicated a potentially momentous change in the kingdom’s legal sector, the air is rife with conversation and conjecture. The Ministry of Justice has initiated a public consultation to gather input on the proposed amendment to the Code of Law Practice. This step is part of a larger initiative to boost foreign investment and advance the legal profession in alignment with the nation’s ambitious Vision 2030 agenda.

Tags: business landscapeForeign Law FirmsLegal Reformssaudi arabiaVision 2030
Share61Tweet38Share11Share

© 2025 Copyright, Saudi Business News

No Result
View All Result
  • Home
  • Business
  • Economy
  • Finance
  • Investment
    • PIF
  • Technology
  • Real Estate
  • Events
  • Vision 2030
  • Projects
    • NEOM
    • Qiddiya
    • The Line

© 2025 Copyright, Saudi Business News

Go to mobile version