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Arbitrating parties expect that the arbitration process will result in final and binding awards. The Kingdom signed the New York Convention in 1994 to reassure foreign investors to invest in the country. Despite such acceding to a stated convention, Saudi Arabia has been described as hostile...
Persistent link: https://www.econbiz.de/10014121881
The new Saudi Arbitration Law provides the arbitrating parties the freedom to rely on procedural rules of their choosing, as long as they do not conflict with the principles of Islamic Sharia. This liberty and autonomy for the parties are similar to the UNCITRAL Model Law as will be presented in...
Persistent link: https://www.econbiz.de/10014121882