Saudi Arabian Corruption Crackdown-What does it mean for Compliance?
FCPA Compliance Report-Episode 357, Paradise Papers and Saudi Arabia Corruption Crackdown
FCPA Compliance and Ethics Report-Episode 109-interview with Bill Michael on the SEC FCPA enforcement action against FLIR employees
The draft law proposes a data embassy ecosystem and comprehensive framework in Saudi Arabia, promoting its position as a global AI hub....more
Saudi’s evolving legal system now allows companies and individuals to use electronic signatures in commercial transactions, reducing reliance on traditional wet ink signatures. Electronic signatures have been legally...more
Long-term policy initiatives supporting the development of capital markets in the Middle East are paying off, with stock markets across the region supporting a cluster of large state-backed and private sector IPOs in 2024. ...more
The guidelines specify the requirements for data controllers to conduct risk assessments related to the transfer or disclosure of personal data outside the Kingdom. ...more
The new law, which offers a unique opportunity for investors in Saudi Arabia’s pharmacy market, forms part of a broader strategy to encourage innovation and foreign investment. The Kingdom of Saudi Arabia (KSA) has opened...more
There was a buzz during the joint association conference in Riyadh, Saudi Arabia on the 19 February. A collaboration by ISDA, ISLA and ICMA, the industry associations representing parties that enter into transactions such as...more
As Saudi Arabia emerges as a global investment destination, it is essential for foreign investors, financial institutions, and legal and compliance professionals to understand the Kingdom’s anti-corruption initiatives,...more
Wisconsin cornerback Nyzier Fourqurean was granted a preliminary injunction on Thursday that would allow him to maintain his college eligibility and continue playing for the Wisconsin Badgers this fall....more
Foreign investors can now directly invest in public companies that own real estate in Makkah and Madinah, thereby boosting market appeal and liquidity....more
The Kingdom of Saudi Arabia (KSA) continues to develop and promote initiatives to modernize and accelerate its economy and attract international investment. Align with this goal, on 11 January 2025, government entities in...more
It seems almost certain that, in December 2024, FIFA will confirm the award of the rights to host the 2034 FIFA World Cup to The Kingdom of Saudi Arabia. Assuming that this happens, it will be a major milestone in the...more
On Dec 24, 2024, Bio-Thera Solutions Inc. announced that it has partnered with Tabuk Pharmaceutical Manufacturing Company to commercialize BAT2206, a proposed ustekinumab biosimilar to Jansen’s STELARA, in Saudi Arabia....more
The Kingdom of Saudi Arabia’s (KSA’s) Personal Data Protection Law (PDPL) marks a significant milestone in protecting personal data in the region. Overseen by the Saudi Data and Artificial Intelligence Authority (SDAIA), the...more
The growth of new centers of international arbitration in areas of the world not historically associated with this form of cross-border dispute resolution has been a key trend in the evolution of international arbitration...more
The National Center for Non-Profit Sector (“NCNPS”) is the supervisory body of civil society organizations and private foundations. The NCNPS regulates civil society organizations and private foundations in accordance with...more
The National Football League has paid more than $1.3 billion to settle claims from former professional athletes who suffered neurological damage due to concussions sustained while playing, with 4% of that earmarked for their...more
On November 6, the Financial Stability Board’s (FSB) Regional Consultative Group for the Middle East and North Africa convened in Saudi Arabia for a meeting focused on technological innovation and AI advancements within the...more
An Initial Roundup of Key Policy Issues and Expectations The re-election of Donald Trump—empowered by at least a Republican-led Senate—marks a significant political and administrative change in the United States, with...more
As part of the Saudi Arabian Capital Market Authority’s (“CMA”) ongoing commitment to enhance investor protection and market transparency, on 21 October 2024, the CMA issued draft amendments to the Saudi Investment Funds...more
To help you stay on top of the latest news, our AI practice group has compiled a roundup of the developments we are following....more
Currently, the United Kingdom requires an electronic travel authorisation (ETA) to be completed by anyone entering the country from Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates....more
As part of the latest developments regarding the personal data protection regulations in the Kingdom of Saudi Arabia ("KSA"), the Saudi Data and Artificial Intelligence Authority ("SDAIA") issued the Regulation on Personal...more
The Petition - Bakelite LLC (“Bakelite” or “Petitioner”), the sole U.S. producer of granular hexamine in the United States filed a petition asking the U.S. government to impose antidumping (“AD”) duties on imports of hexamine...more
On September 16, the Ninth Circuit Court of Appeals upheld a United States District Court’s dismissal of a proposed class action by gasoline consumers against several energy companies in D’Augusta v. American Petroleum...more
On September 30, 2024 Bakelite LLC (“Bakelite” or “Petitioner”), filed a petition for the imposition of antidumping on U.S. imports of hexamine (Hexamethylenetetramine) from the People’s Republic of China (“China”), the...more