Banking
The banking sector is a fundamental pillar of the Kingdom's economic structure, and its complex operations require a robust legal framework. Kayan Law Firm's banking legal services play a pivotal role in regulating the relationship between banks and their clients, protecting assets and financial positions, and ensuring strict compliance with all regulations.
Banking Compliance and Governance
- Reviewing banks' internal policies to ensure compliance with the directives of the Saudi Central Bank (SAMA).
- Drafting governance charters, board of directors' responsibilities, and compliance charters.
- Providing legal support for Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) programs.
Banking Products and Financing
- Drafting and reviewing all types of bank financing contracts: personal, real estate, and commercial.
- Reviewing financing contracts secured by mortgages or guarantees and preparing accompanying legal documents.
- Preparing contracts related to Islamic financing products, such as Murabaha, Ijarah, and Istisna'a.
Digital Banking Transformation
- Drafting partnership agreements with technology solution providers.
- Regulating the legal relationship with Open Banking service providers.
- Legal review of mobile banking applications and privacy protection systems.
Banking Disputes and Lawsuits
- Litigation and judicial representation before banking dispute committees and commercial courts.
- Filing lawsuits and initiating enforcement procedures against defaulters.
- Legal defense for the bank in claims of compensation, fraud, and technical system errors.
