Regulates arbitration procedures as an alternative dispute resolution mechanism for commercial and civil disputes.
This Law applies to all arbitration conducted in the Kingdom or international commercial arbitration subject to its provisions by party agreement.
Arbitral awards may be challenged by annulment before the competent court within 60 days of notification.
Arbitration proceedings are only voided if the nullity undermines the fundamentals of adjudication.
The Law recognizes the principle of confidentiality in arbitration proceedings unless parties agree otherwise.
The arbitration agreement must be in writing or it will be null and void.
Arbitration may be agreed upon before or after the dispute arises.
An arbitrator must have full legal capacity and not have been convicted of an honor-violating offense.
Arbitrators are appointed by party agreement; if agreement fails, the competent court makes the appointment.
Arbitrators must disclose any circumstances that raise serious doubts about their impartiality or independence.
The arbitral tribunal has authority to rule on objections to its own jurisdiction.
Arbitral awards must be issued in writing with reasons and signed by the arbitrators.
Arbitral awards are binding on both parties and enforceable by order of the competent court.