In 2012, the Kingdom of Saudi Arabia introduced a new Arbitration Law (the “Arbitration Law”) which replaced the previous Arbitration Law of 1983. The Arbitration Law is largely based on the 1985 UNCITRAL Model Law on International Commercial Arbitration and introduced a number of promising changes to arbitration as a method of dispute resolution in the Kingdom. However, presently it is difficult to assess the degree of change in practice. It remains to be seen how Saudi courts will apply the law going forward. The implementing regulations of the Arbitration Law are yet to be enacted.
View full memo, Enforcement of Foreign Judgments and Arbitral Awards in the Kingdom of Saudi Arabia