The Liability of the Advisor on Business in British and Saudi Law: A Comparison

Abstract

This paper discusses the duties and liabilities of advisors in relation to organisations. It compares how these duties and liabilities are carried out in both the UK and the Kingdom of Saudi Arabia and compares how the laws in both countries ensure that these duties are carried out and the manner in which advisors are held accountable for neglecting these duties. This research will delve into the legal and financial implications of advisors liabilities on both the advisor and the organisation and the manner in which they are carried out in courts in both countries. Additionally, it will provide the different defence systems that can be used by advisors to excuse themselves from liability or reduce the penalty for the liabilities. This research will make use of secondary sources of information to provide an analysis of the stated area of focus. It will make use both primary and secondary laws since most of the liability cases handled currently make use of both laws. Additionally, a lot of advisor duties depend on the primary laws and the legal proceedings in past cases. Therefore, using both laws helps to provide their implications on current and future regulatory frameworks and in handling advisory services. Since advisors are a crucial part of many organisations, evaluating their duties and liabilities is crucial in comprehending their significance and influence within the organisations. Therefore, to provide an intelligible structure, this paper first introduces an advisor providing their overall duties and responsibilities within and organisation. It then narrows these duties and analyses them within the context of the UK and Saudi Arabia. Upon understanding their duties and responsibilities, this paper analyses their liabilities using both primary and secondary laws and evaluated the different ways and advisor may be exempted from liabilities. Then, this paper provides the strengths and weaknesses of both laws and provide recommendations, particularly on the Saudi Arabian law.