Saudi Gazette report
RIYADH — The Ministry of Justice introduced that it has granted regulation observe license to fifteen overseas regulation corporations. The ministry can be inspecting at the moment one other 15 purposes in search of license to observe the authorized occupation within the Kingdom.
The ministry stated that the licenses had been granted to a number of corporations from nations corresponding to america of America and the UK. This geared toward upgrading and creating the authorized occupation, enhancing the effectivity of its practitioners, and enhancing the enterprise and funding atmosphere within the Kingdom.
It’s noteworthy that the ministry had granted license, the primary of its type, to 3 overseas corporations in March this yr. Minister of Justice Dr. Walid Al-Samaani and Minister of Funding Eng. Khalid Al-Falih had handed over the licenses to 3 overseas regulation corporations to observe the authorized occupation within the Kingdom and this was on the sidelines of the Worldwide Convention on Justice held in Riyadh in March.
The corporations that had been licensed are Herbert Smith Freehills LLP, Latham and Watkins LLP, and Clifford Probability LLP. The licenses are the primary to be granted to overseas regulation corporations working within the Kingdom after the Council of Ministers permitted amendments to the Code of Legislation Observe concerning licensing rules.
In January this yr, the Ministry of Justice had issued directives enabling overseas regulation corporations to file purposes for licenses to observe within the Kingdom by way of its digital judicial companies platform Najiz.sa. The service might be had by way of easy procedures. After logging into the Najiz.sa portal, customers shall select the service “Apply for regulation observe license (for overseas regulation corporations),” refill the related varieties designated for it, and connect the required paperwork, the ministry stated