In light of adopting arbitration mechanism as a method to resolve many disputes, we sought to attracta number of accredited arbitrators in all disciplines as registered with the Ministry of Justice in Saudi Arabia,to be members of this Department, either as full-time or part-timemembers, to deal with the arbitration proceedings inside and outside the Kingdom, either in Arabic or foreign languages. The teamhas managed to deal with many casesfiledlocally and internationallyin connection with real estate, civil and commercial disputes, and in light of new amendments to the new Saudi Arbitration Law, issued in 1433H, by inclusion of new package of advantages that have been put into action in arbitration disputes, and the new types of arbitrations, such as, Ad-hoc arbitration, institutional arbitration, domestic, foreign and international arbitration. In addition, the new Saudi Arbitration Law has taken into considerationthe law by which the arbitration will be governed in accordance with the choice of the contending parties, on condition of not violating theprovisions of Islamic Law and the international conventions to which Saudi Arabia is a party. This also applies to arbitrationthrough organization or permanent arbitration commissions, or arbitration centers outside the Kingdom, such as theGCC Arbitration Centre in Bahrain, the International Islamic Center for Reconciliation and Arbitration in Dubai, the Arbitration of the International Chamber of Commerce in Paris or the London Court of International Arbitration.
The new Arbitration Law of the Saudi Arabia represents an advanced model of the arbitration progress and fulfills a genuine need in this area to keep pace with the latest local and international regulations, making it a preferred choice for traders to resolve their disputes in an effective and rapid manner, which incorporated many of the principles internationally applied according to “UNCITRAL” issued by the United Nations Organization, which many countries have benefited from in formulating its national laws and arbitration regulations.undoubtedly, the new Arbitration Law is considered a advanced leading step in supporting arbitration in Saudi Arabia. This situation shall provide one of the successful alternatives for settling disputes between the parties if they voluntarily choose arbitration to settle their disputes.This movement will support business activities and investment transactions, whether within the UK or with foreign companies abroad, and a praised step in establishing the primary framework for arbitration, especially after the inclusion of the international arbitration besides domestic arbitration, which resulted in achieving a close tie between the judiciary and arbitration in particular, the accuracy of arbitration process, and ensuringjudicial control overthe various arbitration stages, based on the assumption that the arbitration awards are not appealableexceptwhere there is a ground to nullify it, if any.
