The Importance of Due Diligence
Due diligence is the process by which a business investigates the facts, risks, and legal standing of a counterparty or transaction before entering a formal agreement. For UK businesses operating in Saudi Arabia, it is imperative they stay mindful that the Kingdom’s regulatory environment is developing rapidly under Vision 2030, with new laws on anti-corruption, data protection, and foreign investment reshaping compliance obligations in real time.
This joint paper from SBJBC Research Services and Garancie sets out what due diligence means in practice for international and UK-Saudi commercial activity. It covers the legal foundations under the UK Bribery Act 2010 and Saudi Anti-Bribery Law, the key risk areas businesses should assess, and how due diligence requirements differ across partner types, from agents and distributors to joint venture partners and acquisition targets. The paper also addresses why businesses should apply consistent due diligence standards across every jurisdiction in which they operate, including the regulatory exposure created by transacting in foreign currencies.
The paper is the first in a planned series. Each subsequent paper will examine individual due diligence workstreams in greater detail.
Read the full paper here: [Garancie Due Diligence Joint Paper One]
