Saudi Arabia calls for equitable climate financing at UNHRC    NCM Forecast: Dust storms expected across Saudi Arabia until next week    SR200,000 fine for Saudi and Egyptian in cover-up case    PIF assets soar to $1.15 trillion in 2024    Saudi Arabia advances 14 places to 13th rank in IPR Enforcement Index globally    Hundreds of families displaced by wave of Israeli air strikes on Gaza, witnesses say    Republican Senator Thom Tillis to leave Congress after clash with Trump    Car bomb attack in Pakistan kills at least 13 soldiers    One of Hong Kong's last major pro-democracy parties disbands    Saudi Arabia imposes final anti-dumping duties on imports of steel pipes from China and Taiwan    Iranian Army Chief calls Saudi Defense Minister to discuss regional stability    Saudi Arabia's net FDI jumps 44% to SR22 billion in Q1 2025    Historic Jeddah's visual identity re-imagined through global art installations at Al-Arbaeen Lagoon    Saudi Arabia exit Gold Cup after quarterfinal defeat to Mexico    Al Hilal land in Orlando ahead of Club World Cup clash with Manchester City    Cristiano Ronaldo says the past is over and this season will be Al Nassr's    Al Hilal suffer injury blows ahead of Club World Cup match with Manchester City    Brad Pitt's Los Angeles home 'ransacked', police say    Tehran Symphony Orchestra holds free concert to honor Iranians killed in conflict with Israel    49% of Saudi internet users spend 7 hours a day online    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Pakistani star's Bollywood return excites fans and riles far right    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



SCCA Publishes Report on Saudi Arabia in World's Most Important Platform
Published in Saudi Press Agency on 08 - 06 - 2021

The Saudi Center For Commercial Arbitration (SCCA) has underlined the qualitative leap the Kingdom is witnessing in lying down the foundation for a solid Alternative Dispute Resolution (ADR) industry, guided in this endeavor by the Saudi Leadership's strong will and pursuit to create a business-friendly and investment-attracting environment.
In a lengthy report, published in the Middle East and African Arbitration Review 2021 of the Global Arbitration Review (GAR), the leading global platform for international arbitration news and community intelligence, the SCCA details the ADR mechanism to facilitating access to justice in the Kingdom of Saudi Arabia and the approach the Saudi consecutive governments have employed to align the national legislation with international standards and best practices, and the key actors in establishing a solid foundation for the industry.
The SCCA also attributed the reason behind the advanced level of the ADR industry in general and the and the institutional arbitration industry in particular to the comprehensive official efforts of the relevant parties that have been based on four main pillars: legislative and procedural reform, diversification of dispute resolution alternatives in various business sectors, judicial support through enforcement of decisions resulting from ADR and institutional excellence, led by the SCCA in introducing a system of globally available services and options with normative power.
The report also explained the support to the justice system, mainly from the Ministry of Justice, has had an immense impact in advancing the industry, adding that this support is embodied in judicial institutions' adoption of ADR, the enactment of mediation and conciliation as amicable means of resolving a dispute before proceeding to litigation, and enhanced enforcement of the rulings of ADR in arbitration and mediation decisions.
The SCCA's report also noted that the Saudi relevant bylaws have undergone a series of legislative reform so that the Kingdom's legal system can serve as the supportive environment for the ADR industry, starting with the issuance of the new Arbitration Law, through the he Commercial Franchise Law, Government Tenders and Procurement Law and the Commercial Courts Law, as well as Saudi Arabia's signing of the Singapore Mediation Convention.


Clic here to read the story from its source.