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The size and progress of the modern Saudi economy has
naturally lead to more advanced legislation. A landmark development was the
launch of the "King Abdullah Project to develop the Judiciary" which has
rebuilt the Saudi judicial structure. This new Saudi Arbitration Law [1]
which has received the Royal Ascent Last April ("Arbitration Law") is another cornerstone
in building regulatory reform. This means that all the constitutional
procedures for the Law to be binding and effective with the exception of
publication in the local Official Gazette Um Al Qura. The Law will
become effective thirty days as of its publication date -and it has not been
published yet.
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by Jeremy Scott - j.scott@tamimi.com
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1. SUMMARY