Entering into force on 16 December 2023, Saudi Arabia’s Civil Transactions Law (CTL) codifies principles of Sharia and has very significant implications for businesses that enter into commercial contracts in the country, including contractors engaged on construction projects.
Join us for a discussion on everything you need to know about the CTL and doing business in KSA and the wider Middle East region, where experts will share their insights on the following topics:
- General overview of the new CTL How it affects the rights and obligations in construction contracts, how it interacts with other provisions regulating the Construction industry including the Public Tenders law and how it will impact the execution of building projects in Saudi Arabia
- The effect of the CTL on some of the key principles of Saudi law The obligations of performing contracts in “Good Faith”, seeking relief and contract amendments for Exceptional Unforeseen Circumstances, and Impossibility of Performance on Compensation and claims under the CTL
- Key provisions of the Construction contracts section of the CTL The obligations of the Contractor, the obligations of the Owner/Developer and the importance of well drafted contracts.
- Navigating the changing disputes landscape in Saudi Arabia A review of the most effective means of resolving disputes in the construction, energy and infrastructure sectors and the development of the Saudi Center for Commercial Arbitration (SCCA) Successfully doing business in Saudi Arabia An overview of the rules of establishing a Regional HQ and other key regulatory requirements
- Opportunities, risk mitigation, and challenges in executing major construction projects in the Middle East.
We are delighted to host this event in person at Pinsent Masons’ Beijing office, we welcome you to join us for the seminar and enjoy our refreshments. If you are unable to come in person, you can join the event online via Teams or Tencent Meeting. Please register your preference using the relevant link.
