Legal Measures for Cancellation of Professional Accreditation and Licenses for Engineering Offices and Companies

On 11 Shaban 1439H, corresponding to 27 April 2018, the draft Executive Regulations of the Practice of Engineering Professions Law was published in the Official Gazette Umm Al-Qurra, edition no. 4721.  This Executive Regulation shall come into effect after its publication in the Official Gazette according to Article 14 of the Regulation. Read more

 

Voluntary Corporate Liquidation and Limits of the Liquidators’ Liability

Voluntary liquidation is a self-imposed dissolution of a company.  It is essential to identify the extent of this type of liquidation in terms of  issuance of  the liquidation resolution, publication, duration, and the liquidators’ liability. Read more

 

Collective Trademarks License Registration

Collective trademarks are the marks used to distinguish goods or services of facilities belonging to members of a certain entity to be used by the members of the entity. Read more

 

Keeping Commercial Records

Requirement for Keeping Commercial Records
Keeping commercial records by every merchant is required in a way that shows his exact financial status and the rights and obligations pertaining to his trade. Article 1 of the  Commercial Books Law, 1409H requires that the records be up-to-date and in Arabic. Read more 

 

Registration of Family Names as Trade Name

A trade name is the name used by a trader, whether an individual or a corporation, to distinguish the trader’s own business from the trader’s counterparts (*1). The trade name is an important corporate component for the trade store and is essential for each trade enterprise (*2). Read more

 

 

Restrictions and Effects on Completion of Foreign Companies Temporary Works

Article 202 of the Saudi Company Law (1437H-2015) states that a foreign company, which is licensed to practice its business activities, may exist in the Kingdom of Saudi Arabia temporarily for execution and completion of certain works within a specified period of time. Read more

 

Sources of Legal Obligations

The origin of an obligation is the cause which created the obligation (*1)  or according to which the obligation is deemed to have existed (*2)  . Legal jurists classify these sources into two categories: Read more

 

Frauds Involving Banking Instruments

Fraud in banking instruments involves changing underlying facts with a criminal  intention to cause    damage (*5) . Forgery is a very serious crime. In this context,  the Court sentenced Defendants I and II  who engaged in forging a banking instrument, represented  in  the form of bank power of attorney, bearing Defendant I’s  name and particulars, including statements of a client from whose account monies were withdrawn without his knowledge. Read more

 

 

Obligations of Beneficiaries and Developers In Real Estate Selling and Leasing

The rights and obligations of the beneficiaries and developers in projects relating to the  sale or lease of real estate units on the map are codified in decision number 1 – 220, dated 9-3-1439H, corresponding to 27-11-2017G, based on measures issued by  Council of Minister Resolution No. 536 dated 4-12-1437H.  Read more

 

Limitations on the Conversion of Companies into Another Legal Entity

According to the Saudi Company Law, a company may take the form of a general partnership, a mixed liability partnership, quasi-company, Joint Stock Company, or a company with limited liability. Read more

 

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