STAT acted as Saudi legal counsel to ISDA on the ISDA Notices Hub legal opinion for Saudi Arabia, addressing the delivery of critical notices under certain master agreements through the ISDA Notices Hub under Saudi law.

The ISDA Notices Hub, powered by S&P Global Market Intelligence, lets market participants deliver and receive termination-related notices under certain master agreements with speed, certainty and security. Saudi Arabia joins the growing list of jurisdictions covered by opinions on the ISDA Notices Hub.

This builds on STAT’s work authoring ISDA’s Saudi close-out netting opinions under the SAMA and CMA frameworks and advising the CMA on its Close-out Netting and Related Collateral Arrangements Regulation.

The mandate was led by Partner Zeyad Y. AlSalloum, with Senior Counsel Richard Blackburn.

“We are proud to have supported ISDA in bringing this piece of global market infrastructure to Saudi Arabia, giving market participants the legal certainty they need.”  – Zeyad Y. AlSalloum