Illusory Consideration in Share Purchase Agreements: The Position under Saudi Law
EXECUTIVE SUMMARY Illusory consideration is a subtle legal concept that can invalidate share purchase agreements undetected. In the Saudi market, intra-group transfers and related-party deals are particularly exposed to recharacterization as illusory consideration — protection requires independent valuation and explicit disclosure of pricing rationale. “Illusory Consideration” is a subtle legal concept that can invalidate an […]