authoritative analysis of saudi legal sector on the cards top law firm ties up with oxford business group to produce unique report
A ground-breaking analysis on Saudi’s legal landscape - which is undergoing significant change - is to be published following a tie-up between a leading law firm and an authoritative UK publisher. The deal, between Riyadh’s Al-Jadaan Law firm and Oxford Business Group (OBG) will see the analysis incorporated into OBG’s forthcoming inaugural edition of ‘Emerging Saudi Arabia 2007’ – which will be a leading guide to the Kingdom’s evolving political and economic trends. Al-Jadaan’s long lasting arrangement with the international law firm of Clifford Chance enables the company to give advice on both local and international issues and uniquely qualifies it to provide insightful observations on the fast evolving Saudi legal sector, crucial at a time when accession to the World Trade Organisation is opening the doors to a new era of international trade activity. “Our joint analysis will highlight the new legislative frameworks and changing laws in relation to how foreign businesses can operate in the Kingdom and will help to create greater international visibility for Saudi Arabia,” said Mohammed Al-Jadaan, Managing Partner of Al-Jadaan Law Firm. “We expect continued legal developments within financial market and banking law, particularly the regulation pertaining to the issuance of Islamic bonds (sukuk), along with legislation regarding property and real estate financing. However, Saudi commercial law is at a crossroads in so many respects: it’s a very exciting time. We look forward to the opportunity of walking OBG’s subscribers through the most relevant developments in Emerging Saudi Arabia 2007,” he said. Al-Jadaan acts for a number of the world’s leading investment and commercial banks and also advices regulatory authorities. It has a team of banking and finance experts and lawyers qualified in common law jurisdictions, seconded by international law firm Clifford Chance. Oliver Cornock, OBG’s Country Editor in Saudi Arabia said: “We are very pleased to have Al-Jadaan law firm as our legal partners. I am confident that working with a respected partner like Al-Jadaan will ensure we have an accurate and insightful guide to the legal side of doing business in Saudi Arabia.” The partnership underscores OBG’s commitment to co-operating with locally-based institutions in compiling its signature series of top level country economic and political assessments. OBG’s hallmark of unrivalled market intelligence combines the publisher’s international expertise with on-the-ground knowledge of world class, locally-based institutions. Senior Country Manager, Michelle Solomon said: “We recognise the value of our partnership with a professional sector leader and believe that the link allows our partners to enhance their brand name internationally as our publications are considered to be among the most prestigious economic intelligence annuals. This informed partnership will deliver a report of world-class standing which will go a long way to ensuring the success of Emerging Saudi Arabia 2007.” Written by a team of OBG’s international analysts, based in Riyadh, the 200 page report is hotly anticipated with pre-publication orders having reached the 70,000 mark. ‘Emerging Saudi Arabia 2007’ will be available in the second quarter of next year. Ends About Oxford Business Group Oxford Business Group (OBG) is a UK-based publishing, research and consultancy services organisation. OBG publishes economic and political intelligence on the markets of The Middle East, Eastern Europe, North and South Africa, and Asia. Through its range of print and online products, OBG offers comprehensive and accurate analysis of political, macroeconomic and sectoral developments, including banking, capital markets, energy, infrastructure, industry and insurance. Written by a team of seasoned analysts, based on the ground for six months, the critically acclaimed series of economic, political and business reports have become the leading source of intelligence on the rapidly developing countries in the regions they cover. OBG’s online economic briefings provide up-to-date in-depth analysis on the issues that matter for thousands of subscribers worldwide. OBG’s consultancy arm offers tailor-made market intelligence and advice to firms currently operating in these markets and those looking to enter them.