Saudi arbitration law takes a big step forward
9 July 2012
Mayer Brown Legal Update
Today, 9 July, Saudi Arabia, the largest economy in the Middle East, takes a big step forward with its new Arbitration Law consisting of 58 new articles. Broadly in line with the UNCITRAL Model Law, it replaces its 1983 predecessor and brings Saudi Arabia in line with other countries in the region. The key changes set out below are significant improvements to arbitration in the Kingdom.