Qualitative shift: Saudi Arabia’s new Enforcement Law - .PDF file.
Saudi Arabia is currently going through major legislative and regulatory reforms. One of the most significant is the new Enforcement Law, issued by Royal Decree No. M/53, which is now in effect in the Kingdom of Saudi Arabia (KSA).
The law represents a qualitative shift in enforcement procedures in KSA and is a significant step forward in creating specialised forums to enforce judgments and awards that are rendered locally or internationally.
The new law, in effect since March, contains provisions that affect all aspects of executing local and foreign judgments, as well as foreign arbitral awards, in KSA. All local and foreign companies and individuals operating in KSA or doing business with KSA entities are affected, because the law controls the execution of all judgments in KSA. The new law also addresses the jurisdiction and powers of lexecution judges’, who play a key role in the enforcement of civil judgments and awards in KSA…
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