Article 29 of the Saudi Anti-Fraud Law

This is a closing Article stating the relationship between the current Law and the previous law. It provides that this Law replaces the Anti-Commercial Fraud Law issued by Royal Decree No. (M/11) dated 29/5/1404 AH.

"Replaces" means the previous law is no longer the reference and that the provisions of the current Law are the ones applied to commercial fraud violations. Anyone looking for the commercial fraud rules in force should therefore turn to this Law, not to the 1404 AH law.

The Article does not address cases that arose under the previous law, or regulations or decisions issued to implement it, so no ruling on those can be inferred from its text alone.

This Article is linked to the two Articles next to it among the final provisions: Article 28 directs the Minister to issue the Implementing Regulations of the Law and publish them in the Official Gazette within ninety days of its issuance, and Article 30 provides for the Law to be published in the Official Gazette and to take effect ninety days after its publication. Together these three Articles show how the move from the old law to the new one works.

Anyone with an older case who wants to know which law applies to it would do well to consult a lawyer who specializes in commercial cases.