What is a Holding Company ? A holding company is a corporation that owns shares in another company. It is usually between the operating company and the individual shareholder, and it owns the operating company’s voting stock and assets and controls its management and policies. Holding company under  the Saudi company law It can either…

Franchise Rankings and Reviews Perhaps, you have already come across websites that promote franchise rankings and offer franchise reviews when you tried looking for information about franchise opportunities online. While these websites could be helpful, it pays to know how these rankings and reviews for franchise really work as well. You might notice that rankings…

WIPO Intellectual Property Mediation is one of the many ways to resolve disputes between contracting parties. Many business entities choose mediation because they find it cheaper and quicker than court litigation in some jurisdictions. It is usually so because it does not follow strict rules of procedure and the processes are customizable, so to speak…

One of the legal requirements before a franchisee may engage into a franchise agreement with a prospective franchisee is a Franchise Disclosure Document (FDD). The FDD is an essential document that must indicate pertinent information regarding the franchisor and its business such as its legal history, company structure, financial status and agreements, existing franchisees, and…

Franchise Agreement Termination and Renewal A commercial franchise is a contract usually entered into between two contracting parties, the franchisor and franchisee. Just like any other contract, it may be terminated at the end of the contract period, when there is a material breach, of if  the parties decline to renew the franchise.   Franchise…

 What is WIPO Expedited Arbitration? The World Intellectual Property Organization is an agency of the United Nations created for the protection of Intellectual Properties in a global scale. It offers dispute resolution services for any contracting parties, and one of such services is the WIPO Expedited Arbitration.   Compared to ordinary WIPO Arbitration, WIPO Expedited…

Saudi Arabia has recently approved the Commercial new Franchise Law 122/1441 (the New Franchise Law) which went into force on April 22, 2020. Priorly, franchises in the KSA used to be subject to the requirements of the Saudi Commercial Agencies Regulations. The New Franchise Law was enacted in order to align the Saudi franchise protection…

Advantages of Franchising Since the turn of the century, the commercial franchising industry in Saudi Arabia has seen exponential growth. A large number of franchises of global brands now operate in the entire country.  Below are some of the reasons why people consider opening a business by joining the franchise industry.   The main Advantages…

Commercial Courts system in Saudi Arabia    The Saudi Arabian judicial system consists of three main parts. The Sharia system, the Board of Grievances and various committees within government ministries that address specific cases including commercial disputes. In the advent of the Commercial Courts Law (CCL) which was officially published on 17 April 2020, the…

What are the types of companies in Saudi Arabia?   Saudi Arabia is renowned for being a foreign investment haven. Apart from countless business opportunities, the relatively low tax for foreigners in the Kingdom makes it a very attractive prospect especially for investment companies. Anyone who wishes to establish or register a commercial undertaking in…

How to execute a judgement in Saudi Arabia ? To satisfy a favorable judgement given by a Saudi Arabian Court, it is necessary for a winning party to apply for an execution order. For example, before an employee can collect payment arising from  a judgement order by a Saudi Labour Court, he must first apply…