05/11/2017
The Chairman of the Committee of Lawyers and Legal Advisors in Asharqia Chamber Khalid bin Abdul Latif Al Saleh said that the commercial
judiciary is an important and safe haven for the success of the
economic environment and the protection of funds and rights.
Al Saleh
said in a recent visit to the President of the Commercial Court in
Dammam, at the new court, Sheikh Dr. Fahd bin Abdul Rahman Al Hamam,
that the specialized judiciary is working on the stability and growth of
the economic movement and thus contribute to the provision of economic
climate based on confidence and encourage investment in the Kingdom and
promote economic development commensurate With the objectives of the vision of the Kingdom 2030.
Al Saleh said that the Commercial Court will be competent to
consider all disputes between traders or merchants that are brought
against the merchant due to his business and will be competent to deal
with all cases related to commercial regulations and other jurisdictions
provided for in Article 35 of the Shari'a Law.
Al Saleh pointed that this is a part of the activities of
the committee, which calls for a close knowledge of the new procedures
and the jurisdiction of the commercial courts, adding that the
establishment of the Commercial Court in Dammam would contribute to
expediting the adjudication of commercial cases and disputes.
He pointed that the committee is keen to cooperate and communicate
with the Commercial Court in order to simplify the procedures and
submit proposals related to the development of the commercial judiciary to expedite the adjudication of cases and activate arbitration
as a mechanism for resolving commercial disputes between the parties to
the dispute.