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King's advisor launches Website for Arbitration Forum
Published in Saudi Press Agency on 25 - 09 - 2006

PRINCE BANDAR BIN SALMAN BIN MOHAMMED AL-SAUD, THE ADVISOR OF THE CUSTODIAN OF THE TWO HOLY MOSQUES AND HEAD OF THE SAUDI ARBITRATION TEAM, LAUNCHED TODAY THE WEBSITE FOR THE SECOND SAUDI ARBITRATION FORUM FROM ISLAMIC AND INTERNATIONAL PERSPECTIVE, DUE TO BE HOSTED BY THE EASTERN REGION ON 30/10/1427AH.
IN A STATEMENT TO SPA, PRINCE BANDAR UNDERSCORED THE IMPORTANCE OF THE FORUMS AND SAID THEY PLAY A POSITIVE ROLE IN SPREADING THE CULTURE OF ARBITRATION AS WELL AS ATTRACTING LOCAL AND INTERNATIONAL INVESTMENTS.
HE POINTED OUT THAT THE SAUDI ARBITRATION TEAM IS PLANNING TO DEVELOP THE ARBITRATION SYSTEM.
MOREOVER, HE SAID THE NATIONAL COMMISSION FOR LAWYERS WILL SOON START ITS ACTIVITIES, AND ADDED 'WE ARE KEEN ON MAKING THE NATIONAL LAWYERS COMMISSION AN INDEPENDENT BODY'.
PRINCE BANDAR EXPECTED THAT THE SECOND FORUM ON ARBITRATION FROM ISLAMIC AND INTERNATIONAL PERSPECTIVE WOULD HAVE A CRUCIAL ROLE IN PROJECTING THE FLEXIBILITY OF ISLAM.
'THE ISLAMIC SHARIAH IS CAPABLE OF SOLVING PROBLEMS WHICH THE MAN-MADE LAWS HAVE FAILED TO SOLVE', HE SAID.
ON HIS PART, MAJED KAROUB, THE HEAD OF THE FORUM'S ORGANIZING COMMITTEE, SAID THE PARTICIPANTS OF THE FORUM WILL REVIEW THE PRESENT AND FUTURE OF THE ARBITRATION IN THE SETTLEMENT OF LOCAL AND INTERNATIONAL DISPUTES.


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