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ARTICLE · 14 FEBRUARY 2025

Anti-Concealment Law

The Anti-Concealment Law prohibits non-licensed foreigners from practicing economic activities in Saudi Arabia by any means

Saudi ArabiaCorporate/Commercial Law

The Anti-Concealment Law prohibits non-licensed foreigners from practicing economic activities in Saudi Arabia by any means, including allowing a foreigner to have unrestricted authority over the entity and/or using a bank account other than the company's account for economic activity transactions.

DISPUTE RESOLUTION

There are different means of dispute resolution in Saudi Arabia that generally consist of courts, specialized tribunals, and arbitration. As a general rule, disputes arising from any commercial transaction are subject to the Commercial Court jurisdiction. However, specific disputes such as the ones involving insurance, banking, or capital markets are subject to specialized judicial tribunals, In addition to the commercial court and the specialized judicial tribunals, arbitration and mediation are common methods of alternative dispute resolution in Saudi Arabia

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