<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Identifying the seat of arbitration jurisdiction is of great significance to the arbitral procedure. Countries seek to develop their arbitration laws and harmonize the cross-border arbitral regimes in order to modernize the practices and increase foreign direct investments nationally. Foreign parties aim to select an arbitral seat that is efficient and conforms to international arbitration practices. The parties’ choice of seat dictates the arbitral procedure adopted on the dispute and influences the boundaries of the arbitral awards. This paper evaluates Saudi Arabia as an arbitral seat for foreign investors and considers the key factors affecting the parties’ selection. Further, the paper analyses the legal barriers faced by the parties in association with selecting the Kingdom as a seat for arbitration. The purpose of the paper is to outline the challenges and present recommendations to develop the practices of arbitration in Saudi Arabia to increase its level of conformity to international arbitration standards.</p>
</abstract>

Identifying the seat of arbitration jurisdiction is of great significance to the arbitral procedure. Countries seek to develop their arbitration laws and harmonize the cross-border arbitral regimes in order to modernize the practices and increase foreign direct investments nationally. Foreign parties aim to select an arbitral seat that is efficient and conforms to international arbitration practices. The parties’ choice of seat dictates the arbitral procedure adopted on the dispute and influences the boundaries of the arbitral awards. This paper evaluates Saudi Arabia as an arbitral seat for foreign investors and considers the key factors affecting the parties’ selection. Further, the paper analyses the legal barriers faced by the parties in association with selecting the Kingdom as a seat for arbitration. The purpose of the paper is to outline the challenges and present recommendations to develop the practices of arbitration in Saudi Arabia to increase its level of conformity to international arbitration standards.

Challenges towards selecting Saudi Arabia as an arbitral seat for foreign investors

Academic Journal of Business, Administration, Law and Social Sciences

This work is licensed under the Creative Commons Attribution-NonCommercial 4.0 International License.

Identifying the seat of arbitration jurisdiction is of great significance to the arbitral procedure. Countries seek to develop their arbitration laws and...

Challenges towards selecting Saudi Arabia as an arbitral seat for foreign investors

Data publikacji: 22 lip 2023

Zakres stron: 1 - 11

DOI: https://doi.org/10.2478/ajbals-2023-0001

Słowa kluczowe
Arbitration, arbitral seat, arbitral procedure, foreign investors, dispute resolution methods

© 2023 Abdulelah Alsahli, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial 4.0 International License.

Challenges towards selecting Saudi Arabia as an arbitral seat for foreign investors

Data publikacji: 22 lip 2023

Zakres stron: 1 - 11

DOI: https://doi.org/10.2478/ajbals-2023-0001

Słowa kluczoweArbitration, arbitral seat, arbitral procedure, foreign investors, dispute resolution methods

© 2023 Abdulelah Alsahli, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial 4.0 International License.

Słowa kluczowe
Arbitration, arbitral seat, arbitral procedure, foreign investors, dispute resolution methods