Arbitration has a long history in the Kingdom of Saudi Arabia. It has been used for centuries under Shari’ah law in the Kingdom. However, foreign investors in recent years have experienced difficulty in using arbitration in the country. Saudi Arabia has therefore enacted a new arbitration law that is an improvement over the thirty-year old arbitration law that it replaced. The new arbitration law is based on the UNCITRAL Model Law on International Commercial Arbitration but with modifications to ensure that the arbitration process does not ‘violate Shari’ah’ as practiced in the Kingdom. The article reviews the important components of the new arbitration law and provides a comparative analysis of it to the previous law and international arbitration practice. It also analyses the recognition and enforcement of international arbitration awards in Saudi courts, including the impact of Shari’ah and the new arbitration and enforcement laws. Finally, it provides a narrative on the Saudi court system and its role in arbitration.
This is an outline for the session CLOLL2
Saudi Arabia continues to present amongst the best opportunities for investment for companies from outside the Kingdom, not only in oil and gas but also in the industrial and infrastructure sectors, as the economy is diversified. The biggest projects are awarded by government bodies. Their contracts are increasingly likely to contain Saudi arbitration clauses. The objective of this note is to answer the questions that would typically be asked when a company from outside Saudi Arabia negotiating a contract with a Saudi party is asked to agree to arbitration in Saudi Arabia under the new Saudi Arbitration Law.
An overview of the Saudi legal and court system.
This Quick Counsel outlines recommended contract provisions on the valuation of shares to be used under French law as well as under other European laws.
This Quick Overview examines how break-up fee provisions may limit risks associated with business negotiations in the United Kingdom and France.
This brief overview outlines the general legal framework regarding cookies used on the websites in Poland. It focuses mainly on the aspects concerning the requirements of providing sufficient information to the user in a manner described in the legal provisions, as well as obtaining the user's consent to the use of cookies on the websites they enter.
Laure Deron moved to her current company, Veolia China, in 2011, where she works on the energy, waste and water businesses. She likes the trend of environmental consciousness she sees. “I came back not just to build a factory, but to also operate a factory in a way that it doesn’t damage the rest of the continent,” she says.