On 1 November 2023, the Board of the General Authority for Competition announced that new financial thresholds would apply to determine whether a transaction is reportable to the Authority. By implementing such change, the aim of the Authority is to provide further clarity on the local nexus test required for a transaction to be notifiable to the Authority and to align the Saudi merger control regime further with international standards.
On 13 September 2023, the Communication Space & Technology Commission of Saudi Arabia proposed a draft law on Global Digital Content Safe Harbor. The proposed law is aimed at providing a legal framework for intermediary service providers hosting and transiting global digital content in Saudi Arabia in a way that ensures no objection, deletion or modification of content hosted in and accessible within the Kingdom. If adopted, the effect of the draft law may be significant as it seeks to create a more favorable environment for investment in the Kingdom’s digital economy, and it would align the local legal framework with the international best practices.
We are delighted to invite you to our Baker McKenzie Middle East Customs and Transfer Pricing Briefing.
Hosted at our Dubai International Financial Centre (DIFC) office on 12 October 2023 at 8:30 – 11:30 am GST, the session is designed to provide you with first-hand insights from our Middle East and international experts in the fields of Customs, Transfer Pricing and VAT.
We are delighted to invite you to the Baker McKenzie Middle East Tax Forum in Dubai on Wednesday, 18 October 2023 – a full day of interactive discussions on tax updates across the Middle East and a special focus on the impact of global tax policy developments such as Pillar 1 and Pillar 2 (Global Minimum Tax).
The Personal Data Protection Law of Saudi Arabia (“KSA”) was recently amended pursuant to Royal Decree No. M/148, dated 05/09/1444H (corresponding to 27 March 2023G) (“Amended PDPL”). These amendments were preceded by a public consultation launched by the Saudi Data and Artificial Intelligence Authority in late 2022.
The Amended PDPL expands the scope under which Controllers could collect personal data from third parties, and process it for purposes other than that for which it was originally collected. It also provides additional grounds for Controllers to disclose personal data, and introduces an updated regime for personal data transfers outside of KSA.
Join us for a four-part webinar series as our US moderators welcome colleagues from around the globe to share the latest labor and employment law updates and trends. US-based multinational employers with business operations in Asia Pacific, Europe, the Middle East and Africa, and the Americas regions will hear directly from local practitioners on the major developments they need to know, and come away with practical tips and takeaways to implement.
In a time of recession, competition law regulations do not change in their content or enforcement. On the contrary, it is vital for companies to remain compliant with applicable antitrust laws and continue their commercially independent behavior. We provided an overview perspective on key antitrust and competition trends for emerging markets including, Morocco, Egypt, Turkey, South Africa and Saudi Arabia in 2023.
In our 60-minute webinar on 14 March 2023 at 3:00pm CET, we’ll help in-house counsel and competition leaders track what to keep top of mind for 2023 in emerging markets, including Morocco, Egypt, Turkey, South Africa and Saudi Arabia. We’ll also provide practical takeaways to help navigate the new landscape.
The Middle East luxury brands industry has rapidly expanded in recent years, driven by rising global consumption and major strides in online retail sales and marketing. These developments have also brought new challenges for the industry as companies face more stringent regulations as well as complex corporate and employment issues as they expand into new markets. As luxury goods companies gather large amounts of customer information, data protection has also become a major concern. Join Baker McKenzie for an update on the employment and data protection laws for luxury brands in the Middle East on 8 February 2023 from 2:00 – 3:00pm GST.
In this vlog series, our MENA team of cross-practice specialists provide a quick roundup of the latest legal and commercial developments in the region as well as insights to emerging challenges and opportunities, to guide you as you shape your organization’s business resilience and strategy in the medium and long term. In addition, our senior female lawyers from our BakerWomen Middle East team join the conversations and share their insights on business and inclusion issues and trends in the region, as together we look to build trust and well-being in a post-pandemic world.