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ARTICLE · 17 JUNE 2023

Saudi New Civil Transaction Law

BREMER LF WLL
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On 13 June, the Saudi Council of Ministers chaired approved the Kingdom's new Civil Transaction Law, after the law had been cleared by the Consultative Assembly (Shura Council) in May 2022. With the new law the Saudi legislator introduced a comprehensive overhaul of the Saudi legal system.

Saudi ArabiaGovernment, Public Sector
Maryam Abdelgwad
Maryam Abdelgwad
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On 13 June, the Saudi Council of Ministers chaired approved the Kingdom's new Civil Transaction Law, after the law had been cleared by the Consultative Assembly (Shura Council) in May 2022. With the new law the Saudi legislator introduced a comprehensive overhaul of the Saudi legal system. The Saudi legislator enacting statutory provisions governing civil transaction marks a fundamental change in the Saudi legal system and shifts Saudi civil law away from sharia law to a codified legal regime. Moreover, the development marks a significant turning point in the Middle East and North Africa (MENA) region at large. After Oman introduced a civil code in 2014, Saudi Arabia was the last MENA jurisdiction where sharia law governed civil transactions. Now the entire region—aside from the ADGM where the laws of England and Wales apply—follows the civil law model.

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