New Saudi Commercial Register and Trade Names Laws: Navigating the Changes

October 29, 2024
Overview On October 4, 2024, the Saudi government issued Royal Decree No. (83/M), enacting the New Saudi Commercial Register and Trade Names Laws. Set to take effect 180 days after publication, these laws replace ex...

Riad & Riad scores a victory in a US$ 34.5 Construction Dispute

February 4, 2024
We are delighted to secure a victory for our client, a leading Korean EPC construction company, in relation to a US$ 34.5 million direct claim that was initiated against it by one of its subcontractors. The dispute...

Egypt Announces New Tax Incentives for Industrial Projects

February 4, 2024
Egyptian Cabinet issued Decree No. 77 of 2023 ("Decree") granting new tax incentives (“Tax Incentives”) to the industrial investment projects and their expansions. The Decree comes without prejudice to the recent in...

Egypt Removes Restrictions on Foreign Companies to Obtain Importation License

November 4, 2023
The Egyptian Importer Registry Law No. 121/1982 is amended to allow companies wholly owned by non-Egyptians to obtain an importation license and carry out importation business for trading purposes freely. The law pr...

New Requirement to Disclose Ultimate Beneficial Owners

March 15, 2020
A new regulation was yesterday to require all companies in Egypt to disclose the ultimate beneficial owners who have actual ownership or control over the company. The regulation is issued by Ministerial Decree No. 4...