On 10 March 2023, my colleague Paul-Raphael Shehadeh authored an article providing an introduction to the Singapore Convention on Mediation (the “Convention”). This article is a follow-up to that, on what is a vogue topic in the international arbitration community.
Mediation is generally regarded as the more amicable, efficient and cost-effective method of resolving disputes. However, in the cross-border context, enforcing settlement agreements resulting from mediation can be complex and expensive, deterring otherwise willing parties from choosing mediation as their dispute resolution mechanism.
Continue reading “The Singapore Convention On Mediation – A Step-By-Step Approach”
By N. Gordon Knox, Partner
Over the last decade, the Kingdom of Saudi Arabia (the “KSA”) has made significant strides to create a robust arbitration regime. This is due in part to new arbitration and enforcement laws, an increase in support of the arbitration process from the KSA’s judiciary and, significantly, to the work of a dynamic and innovative arbitration institution – the Saudi Center for Commercial Arbitration (the “SCCA”).
The SCCA was established pursuant to Ministerial Resolution No. 257 of 14/6/1435H and became operational in late 2016 when it opened its headquarters in Riyadh. Its mission is to provide “professional, transparent and efficient ADR services”. The SCCA also has offices in Jeddah as well as Dubai.
As part of its Vision 2030 Initiative, unveiled in 2016, the KSA articulated its desire to encourage global investment within the Kingdom and diversify is sources of revenue. The SCCA was established as part of KSA’s plan and one of the SCCA’s goals is to “create a safe environment that attracts both foreign and domestic investment to the [KSA]…. by eliminating obstacles and difficulties related to ADR between investing parties.” The SCCA administers arbitration and mediation proceedings in both Arabic and English and is dedicated to providing professional, transparent and efficient ADR services, inspired by Sharia law. An arbitration may take the form of a standard arbitration, an expedited arbitration, an emergency arbitration or an online arbitration. Continue reading “Arbitration in the Kingdom of Saudi Arabia”