Settlement Under Saudi Competition Law and United States Antitrust Laws

Abstract

The introduction of Vision 2030 by the Saudi government marked a significant shift in economic policy, aiming to diversify the economy and attract both local and foreign investment. Among the legislative updates accompanying this vision was the reform of the Competition Law, intended to foster a competitive economic environment. However, despite these reforms, certain aspects, particularly settlement procedures, remain underexplored. This thesis delves into the settlement procedures outlined in the Saudi Competition Law, highlighting gaps and areas for improvement, while drawing comparisons with the of U.S. antitrust laws. Through a comparative analysis, this thesis identifies key differences between settlement procedures in the two jurisdictions, shedding light on unaddressed issues within the Saudi legal framework. Drawing upon case studies and legal precedents, the thesis examines the efficacy and fairness of settlement mechanisms, considering their impact on competition, market dynamics, and consumer welfare. By evaluating the nuances of settlement procedures, this research contributes to a deeper understanding of the regulatory landscape in both Saudi Arabia and the United States. Furthermore, it offers insights into potential reforms or enhancements to the Saudi Competition Law, aligning with the broader objectives of Vision 2030 to promote a vibrant and competitive economy.