Final and binding arbitration

Type:	Secondary Source
Author:	Abdulaziz Mohammed Al-Fadhli
Summary:	By AI Final and binding arbitration is a means of dispute resolution through a judgment issued by an arbitrator or an arbitration panel agreed upon by the parties, and it requires the existence of a written agreement. The arbitration award is considered an enforceable instrument in Saudi Arabia, and neither party can retract it, allowing the other party to enforce it through the court in case of refusal. Arbitration procedures are characterized by the speed of issuing judgments compared to litigation,...

Type:

Secondary Source

Author:

Abdulaziz Mohammed Al-Fadhli

Summary:

By AI

Final and binding arbitration is a means of dispute resolution through a judgment issued by an arbitrator or an arbitration panel agreed upon by the parties, and it requires the existence of a written agreement. The arbitration award is considered an enforceable instrument in Saudi Arabia, and neither party can retract it, allowing the other party to enforce it through the court in case of refusal. Arbitration procedures are characterized by the speed of issuing judgments compared to litigation,...