Family Offices: Sector Legal Services

Common legal issues in the family offices sector

Every sector has its own contracts and risks. These issues recur in the files of businesses here:

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• Structuring holding companies and moving asset ownership between family members
• Shareholder agreements, family charters and resolving disputes between heirs
• Succession planning for family companies
• Investing through funds or entities outside the Kingdom

You may also want to look at Venture Capital & Emerging Companies: Sector Legal Services and Government & Semi-Government: Sector Legal Services.

A situation that recurs in this sector

A family owns a group of companies and one son wants to sell his stake. The founding contract has no pre-emption right for his brothers, and day-to-day management stalls.

Who supervises this sector?

Bodies connected with the activity here include the Ministry of Commerce, the Capital Market Authority for funds, and the Ministry of Justice for family and estate matters. Following their requirements is a core part of any ongoing legal support.

Jeddah and this sector

Long-established merchant families in Jeddah run several businesses, and corporate, estate and personal status issues sometimes overlap in their files.

What we take on for your business

• Reviewing your current contracts to find gaps before they become disputes
• Checking your licences are complete and renewed on time
• Defending your rights before the competent body when a dispute arises
• Advice that matches the stage your business has reached

What we check in contracts in this sector

• Each party's obligations and their deadlines, stated clearly
• A way to settle disagreements before going to court
• Early termination terms and the compensation that follows
• Consistency with the rules and licences specific to the sector

Why general advice is not enough

General advice can answer a single question, but it misses operating details that people who work with the sector every day know. The gap shows when a sensitive clause is drafted or when a regulator asks for a specific clarification.

Prevention costs less than a fix

Most disputes the lawyers see could have been avoided with a simple review of the contract or licence early on. An annual review of your legal file costs far less than dealing with a violation after it happens.

Papers that speed up the assessment

Attach what you have: a commercial licence, contracts in force, and correspondence with the other party or the regulator, along with a note on the size of your business. The clearer the file, the more precise the opinion.

The first step

Message us on WhatsApp with a short note on your business and what you are facing. The lawyers then tell you whether a brief opinion is enough or a full document review is needed, and the lawyers state the fees before you decide.

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