Amendment to the Executive Regulations of the Arbitration System
The amendment of the executive regulations of the arbitration system aims to delete Article 7 as follows:
First: consistency between the system and the regulations as Article 7 of the executive regulations of the arbitration system relates to paragraph (1) of Article (24) of the arbitration system, which was deleted based on the Royal Decree No. (M/8) dated 18/1/1443 AH.
Second: facilitating contracting with arbitrators without requirements that the contract be independent and that it be deposited with a specific authority.
Third: emphasizing that it is not required to conclude an independent contract with the arbitrators, and removing ambiguity that the contract must be deposited with a specific authority.
Last Modified Date: 09/12/2021 - 11:44 AM Saudi Arabia Time