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The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
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Saudi Arabia's Competition Law

May 2005 - EU & Competition. Legal Developments by A&L Goodbody.

More articles by this firm.

1. SUMMARY

1.1 Introduction
Businesses in Saudi Arabia have until 21/5/1426 H / 28 June 2005 to comply with the provisions of the Competition Law enacted last year, notwithstanding that the Implementing Regulations have yet to be issued. This presents a clear challenge.

Nonetheless, with fines of up to Saudi Riyals five million (SR 5,000,000) for first-time violations of the Competition Law, its terms merit close attention and timely compliance. Businesses should adjust their practices to comply with the Competition Law at the earliest opportunity.