GCC Commercial Arbitration Center and Riyadh’s Higher Judicial Institute explore collaborative frontiers

GCC Commercial Arbitration Center and Riyadh’s Higher Judicial Institute explore collaborative frontiers

Dr. Kamal bin Abdullah Al Hamad, the Secretary-General of the GCC Commercial Arbitration Centre, engaged in discussions regarding collaborative efforts and mutual coordination with Dr. Abdullah bin Ahmed bin Salem Al-Mahmadi, Chairman of the Higher Judicial Institute in the Kingdom of Saudi Arabia. This occurred during a joint meeting held at the Institute's headquarters in Riyadh.

Throughout the meeting, the two parties explored avenues for fostering cooperative initiatives in the field of dispute resolution. The objective was to bolster an effective response to the demands of contemporary international trade by establishing a more conducive legal environment for resolving commercial disputes within the Gulf Cooperation Council countries. This involved the development of frameworks, the qualification of arbitrators through the implementation of high-quality training programs, the promotion of awareness regarding methods for settling commercial disputes, and the facilitation of access to commercial justice. These goals were to be achieved through the exchange of information, practices, and experiences in the fields of judicial and arbitration procedures.

The discussion encompassed the crucial aspect of updating and refining legislation and regulations pertaining to commercial arbitration to align with international advancements. This effort aimed at bolstering investor confidence in the judicial landscape, fostering a regulatory environment conducive to