Pre-Contractual Negotiations Under The Civil Transactions Law
The new Civil Transactions Law (CTL), issued in June 2023 and coming into force in December 2023, is a game-changer for legal certainty in KSA. The CTL codifies Shariah principles in relation to contracts, harmful acts, compensation, guarantee arrangements, real estate matters and other civil transactions. The CTL will generally have retrospective effect on transactions […]
Contractual Risk Allocation Under The Civil
The new Civil Transactions Law (CTL) provides welcome confirmation that parties can contractually agree to limitations and exclusions of liability, as well as liquidated damages clauses, allowing greater certainty in the allocation of risk between parties at the commencement of the contractual relationship. Click here for our full brief.
Compensation Assessments Under The Civil Transactions Law
The new Civil Transactions Law (CTL) provides welcome confirmation that parties can contractually agree to limitations and exclusions of liability, as well as liquidated damages clauses, allowing greater certainty in the allocation of risk between parties at the commencement of the contractual relationship. Click here to access our flow chart.
