If public-private partnership emerged as an inevitable result of most countries of the world shifting toward the application of the capitalist system and abandoning the socialist system, and if every State strives diligently to develop its infrastructure and improve the quality of essential services it provides, such as education, health, transportation, communications, and sanitation, then […]
Public-Private Partnership (PPP) Read More »
The Kingdom seeks to become an international investment powerhouse by stimulating the Saudi economy, diversifying sources of income, and supporting the investment and business environment in the Kingdom (1). Special Economic Zones (SEZs) are considered one of the Kingdom’s tools for diversifying its economy through the establishment of five SEZs, which contribute to the growth
Investment in Special Economic Zones Read More »
The legal and economic system in the Kingdom of Saudi Arabia has witnessed remarkable development in recent years, particularly in the field of commercial dispute resolution, where arbitration has become one of the main tools for resolving disputes quickly and effectively. In this context, institutional arbitration plays a fundamental role in enhancing the business environment
What About the Council of Ministers’ Decision on Regulating Arbitration Centers? Read More »
If confidentiality has been, and continues to be, one of the most important advantages that has led parties in the business and commercial community to select arbitration as a means of dispute resolution under international commercial law to settle their disputes, and has been the source of its strength and attractiveness, then it is. in
United Nations Convention on Transparency in Treaty-based Investor-State Arbitration Read More »
As the importance of international arbitration continues to grow as a preferred mechanism for settling international commercial disputes, the recognition and enforcement of foreign arbitral awards often encounter serious obstacles, particularly when the losing party refuses to comply or recognize the award. To address these challenges, the United Nations Commission on International Trade Law (UNCITRAL)
United Nations Convention on the Recognition and Enforcement of Foreign Arbitral Awards Read More »
The United Nations General Assembly adopted the United Nations Convention on International Settlement Agreements Resulting from Mediation, which is also known as the Singapore Convention on Mediation, in December 2018, in light of the significant momentum that mediation has gained as an effective tool for settling disputes related to international trade. The primary objective of
The tremendous growth in economic development rates has led to increasingly complex commercial and economic relations and conflicting interests. As a result, numerous disputes have arisen from such relations, creating a need for new mechanisms to resolve disputes in line with this rapid development. (1). Arbitration is considered one of the most important means by
The Law Applicable to Commercial Arbitration in Kingdom of Saudi Arabia Read More »
The comprehensive legislative and economic reform program undertaken by the Kingdom of Saudi Arabia in furtherance of Vision 2030 has positioned the Kingdom as a global leader in competitiveness and innovation, as reflected by its advanced international rankings in the World Competitiveness Yearbook 2024. (1) The Rules promulgated by the Saudi Center for Commercial Arbitration
Key Features of the Updated Rules of the Saudi Center for Commercial Arbitration Read More »
Undoubtedly, the recent economic and technological developments worldwide have created greater openness in the world of finance and business, leading to the emergence of new commercial transactions characterized by complexity and branching. Naturally, disputes have arisen, prompting the necessity of finding amicable solutions and methods to resolve them quickly and flexibly. This is essential to
How Reconciliation is Applied in Commercial Transactions in Kingdom of Saudi Arabia Read More »
Within the framework of trade agreements between States, and in light of efforts to remove obstacles that hinder the development of the international community, expand the volume of international trade, and facilitate its flow, it is possible for a State to fail to comply with its prescribed obligations, thereby giving rise to disputes. To address
Dispute Settlement in the World Trade Organization Read More »
