On 3 September 2023, Ministerial Resolution No. 3568, dated 07/01/1445H (corresponding to 25 July 2023), which was issued by the Minister of the Ministry of Human Resources and Social Development (MHRSD) regarding the disclosure of training data, has come into effect. The Resolution provides that entities that employ 50 or more employees must annually declare training data on their Qiwa portal in accordance with the Resolution’s accompanying Procedural Guide. The Guide states that an entity…
In brief On 11 July 2023, the Saudi Authority for Data and Artificial Intelligence (SDAIA) published two drafts of regulations to the Personal Data Protection Law promulgated by Royal Decree No. M/19, dated 09/02/1443H, amended pursuant to Royal Decree No. M/148, dated 05/09/1444H (PDPL). The drafts were published for public consultation and will be open to public commentary until 31 July 2023. While the drafts are not binding, they do provide helpful insights with regards…
The Government of Saudi Arabia has announced the issuance of the long-awaited Civil Transactions Law (“CTL”), the third of the four laws announced as part of the specialized legislations reform (the others being the Family Law, Evidence Law (both have been issued) and the Criminal law (expected to be issued soon)). The CTL was officially published in the Saudi official gazette on 19 June 2023. The CTL contains 721 articles and marks an important advancement…
Over the course of past weeks, the General Authority of Zakat and Tax (ZATCA) has released a number of public consultations outlining the proposed amendments to a series of tax legislations. As an overall comment, this is a welcoming move and should be closely monitored as and when the proposed amendment is formally introduced in the relevant legislation. Below is a high-level summary of the proposed amendments to the relevant tax legislations in KSA. Consistent…
In brief The Saudi Center for Commercial Arbitration (SCCA) opened its first office outside of Saudi Arabia in the DIFC. SCCA Dubai has started operating on 2 February 2023 and offers a comprehensive suite of ADR services to local and international businesses based in the UAE and/or operating in the Middle East.[1] In the latest developments, the SCCA has released its second edition of the SCCA Arbitration Rules (SCCA Rules), effective 1 May 2023. The…