Friday 19 October 2018

Saudi Arabia officially launches commercial courts

RIYADH, October 16, 2017

Saudi Arabia's commercial courts were officially launched on Sunday by Sheikh Dr Walid bin Muhammad Al-Sama’ani, Minister of Justice and Chairman of the Supreme Judicial Council.
The courts had started operating from the first day of Muharram of this year, said a Saudi Press Agency report.
Al-Sama’ani revealed that commercial courts had undertaken their jurisdiction through the opening of three commercial courts in Riyadh, Jeddah and Dammam; specialised commercial chambers within public courts in a number of Saudi cities; and specialised appeals chambers with 173 judges.
In his speech at the opening ceremony in Riyadh, the minister stressed that the start of work at the courts was a quantum leap and remarkable development in the process of specialised judiciary in  Saudi Arabia. 
Al-Sama’ani pointed out that the opening of these specialised courts would positively impact the specialised and evenhanded justice system, whose substance and process were derived from Islamic law and effective regulations. This would uphold people’s rights and ensure a sound business environment full of trust and stability.
He also indicated that the commercial courts would help enhance the business environment, encourage and motivate investment in the kingdom, and boost economic development, in line with the objectives of Saudi Vision 2030.

Tags: Saudi Arabia |

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