خدمات

Business law in Saudi Arabia falls within the domain of the Law on Business Organization and Traders’ Business Activity. Over 20 legislative decrees have been issued by the Saudi Arabian government in this realm, focusing on establishing credit mechanisms and overseeing key institutions like the Commercial Papers Act, The Banking Act, The Finance Act, and The Companies Act.

Additionally, the Saudi government upholds credit integrity through the Bankruptcy and Financial Fraud Act, which criminalizes fraudulent activities like issuing bad checks, ensuring a robust legal framework for commercial transactions.

In the realm where credit forms the foundation of business endeavors, the essence of agility emerges as the lifeblood of commercial operations. To stay profitable and adaptable to the changing marketplace, a business needs an attorney capable of streamlining litigation processes for its clients. Khalaf Bandar Law Firm has the experience and ability to do this and represent businesses in pursuit of resolving disputes in commercial court.

Through our dedication to Saudi Arabia’s National Transformation Vision 2030 study and our unwavering commitment to advancing alternative justice principles within the Saudi judicial landscape, Khalaf Bandar Law Firm has embraced innovative avenues for dispute resolution. As part of this initiative, we have proudly affiliated with the esteemed London Court of International Arbitration under membership No. 135993 in the Young Arbitrators’ Group, alongside participation in ITA and AAA’s Young Arbitrators Programme. These avenues for dispute resolutions beyond litigation include:

• Mediation: is a form of alternative dispute resolution (ADR) in which a neutral third party, known as a mediator, helps disputing parties reach an agreement. This method can resolve conflicts without the need for litigation.
• Arbitration: This form of ADR involves submitting disputes to one or more arbitrators. These arbitrators utilize the information and arguments presented to them to make a binding decision on the matter. Unlike mediation, arbitrators decide what the disputing parties must adhere to, similar to a court judgment.
• Consensual Settlement: A consensual settlement refers to a mutually agreed-upon resolution between disputing parties without the need for litigation or arbitration. We can settle through negotiation where all parties can discuss their issues and potential solutions.

We firmly advocate for Alternative Dispute Resolution (ADR) as a superior choice to traditional litigation for several compelling reasons.

• Firstly, ADR methods are renowned for their efficiency, offering swift resolutions that save valuable time and resources.
• Secondly, parties can meticulously select arbitrators versed in specific domains, ensuring top-level decision-making.
• Thirdly, the confidential nature of the process safeguards sensitive information.
• Fourthly, ADR’s adaptability allows for customized procedures tailored to each case.
• Fifthly, arbitration rulings typically stand as final and binding, reducing the protracted timelines and costs associated with appeals.
• Finally, the international enforceability of arbitration awards, supported by treaties like the New York Convention, proves advantageous for resolving cross-border disputes seamlessly.

The goal of these methods is to resolve a legal dispute in your business’s favor before having to use litigation. Some parties may not accept these methods and will push for litigation in which we can defend your business with legal tools and resources obtained through years of experience.

Joint stock companies are a specific form of business that offers services or products while their capital is divided into shares. The shares are owned by the shareholders who bear the risks but enjoy their profits in return. These businesses require special services that non-joint stock companies do not require, such as:

• Corporate Governance: This refers to the business’s agreed-upon system of rules, practices, and processes to run the company. Corporations require these rules to balance the interests of a company’s many stakeholders and success.
• Audit of Board Decisions: A company’s board cannot always be trusted to make decisions that are best for the company. If there is suspicion of foul play, misconduct, or poor performance, an audit can reveal what changes should be implemented in the company.
• Dissolving Companies: Sometimes, the most profitable path forward is to dissolve a company. Dissolving smaller companies owned by a larger corporation is different from dissolving a large corporation altogether. It requires an experienced legal team to work with financial professionals to garner the greatest profits for the shareholders.
• The Rights of Shareholders: Since shareholders hold the most risk, they require specific legal rights to protect their interests and investments. This can commonly take the form of a shareholder board that can make decisions regarding the company’s leadership and goals.

Every business will need to create many contracts and agreements with partners, clients, and other stakeholders. You will need contracts to hire employees, partner with vendors, secure a place of business, and more. To make sure you’re not being taken advantage of in a contract, our attorneys can perform a variety of contracting tasks, including:

• Draft Contracts: Our attorneys can create contracts or agreements that protect you and your business.
• Audit Contracts: We can review contracts presented to you or existing agreements that you’ve signed in the past.
• Contract and Notification Management: We will keep track of your business’s contracts so you can avoid any issues. Breaking a contract can leave you open to costly legal consequences, so it’s important to have attorneys who can keep track of your contracts.
• Contract Termination: When a business relationship is no longer beneficial, and you need to terminate your contract, you need to do so with an attorney’s guidance to avoid any legal consequences.
• Technology Transfer Contracts: It’s not uncommon to work with another company’s proprietary technology, or to allow them to work with yours. To protect your rights, you need to have special contracts to develop technology with another business, license another business’s proprietary technology, or license out your proprietary technology.

For businesses looking to enter the Saudi economy, our law firm can assist you with your investment. The Kingdom of Saudi Arabia has an economy and legal system that sets it apart from most other countries. To make sure your business thrives legally and safely, we can support you through several phases of business development.

Attorney Khalaf Bandar’s passion for real estate disputes was ignited while completing the graduation project for his Bachelor’s Degree in Law. His in-depth exploration focused on the legal intricacies surrounding the Compensation of Khlue.

Through meticulous research and analysis, it was concluded that the Compensation of Khlue entails the transfer of the property owner’s usage rights to the lessee while upholding the owner’s authority to engage in legal activities on the property. Notably, this study predates the introduction of the Saudi Civil Code, marking a significant milestone in legal scholarship that has since been enshrined in subsequent legislation.

The esteemed support of the legal and Islamic scholarly community has fortified practical applications within the realm of real estate sales and the resolution of ensuing disputes, underscoring Khalaf Bandar Law Firm’s unwavering commitment to excellence in this domain.

The focus on creating employment opportunities in the private sector and encouraging individuals to embrace these prospects lies at the heart of securing a stable future in situations where work capacity may be compromised, whether due to health concerns or legal factors like retirement eligibility.

Attorney Khalaf Bandar’s professional journey is notably marked by his adept handling of labor issues and proficient management of transactions with the Social Insurance Institution, showcasing his prowess in this field.

Notably, social insurance disputes unfold as administrative challenges. They commence through a quasi-judicial process that addresses grievances before the appropriate courts. This meticulous procedure adheres rigorously to due process and judicial norms, ensuring a fair and transparent resolution framework.

This structured approach involves detailed scrutiny, adherence to timelines, justification of decisions, and contemplation of avenues for contesting outcomes. Distinguished from mere claims for workers’ rights, which aim to protect employees’ entitlements and consider the relatively vulnerable legal standing of workers compared to employers, social insurance disputes navigate a distinct path governed by legal intricacies and procedural fairness.

To receive the coverage you need or have been promised, you need an attorney who understands what we’ve just explained. Khalaf Bandar is an attorney with the skillset and knowledge you need.