Establishing specialized economic courts in Saudi Arabia to boost investments

  • Hamza E. ALBAHETH Shari’ah and Law School, Taif University, Saudi Arabia.
Palabras clave: 2030 vision, Economic courts, Investments, Jurisdiction, Saudi Arabia. / Arabia Saudita, Inversiones, Jurisdicción, Tribunales económicos, Visión 2030.

Resumen

ABSTRACT

 

This paper seeks an effective mechanism to resolve economic disputes and economic crimes by first highlighting the absence of an effective legal platform to resolve such disputes and then suggesting remedial measures through the establishment of specialized economic courts. The author claims that this will offer a new mechanism for resolving economic disputes, in addition to the new commercial courts and the alternatives that already exists in the system. Such a step will also prove a cultural shift facilitating litigants and keeping them abreast with internal and external challenges faced in boosting foreign and domestic investments.

RESUMEN

 

Este documento busca un mecanismo efectivo para resolver disputas económicas y crímenes económicos destacando primero la ausencia de una plataforma legal efectiva para resolver tales disputas y luego sugiriendo medidas correctivas a través del establecimiento de tribunales económicos especializados. El autor afirma que esto ofrecerá un nuevo mecanismo para resolver disputas económicas, además de los nuevos tribunales comerciales y los medios alternativos que ya existen en el sistema. Tal paso también demostrará un cambio cultural que facilitará a los litigantes y los mantendrá al tanto de los desafíos internos y externos que enfrentan para impulsar las inversiones extranjeras y nacionales.

Biografía del autor/a

Hamza E. ALBAHETH, Shari’ah and Law School, Taif University, Saudi Arabia.

is a Faculty member at the Shari’ah and Law Collage, Assistant Professor at Law Department, Taif University , Saudi Arabia. He achieved his Bachelor of Science degree in Law with honor in 2004 from King Abdul Aziz University in Jeddah, Saudi Arabia. Also, he got the Master’s degree in law (2013) and then Doctorate in Juridical Science in Law (2018) from Southern Methodist University (SMU), Dedman School of Law, in Dallas, Texas, United States. Currently, he is the Vice-Dean of the Shari’ah and Law College as well as the head of the Department of Law at Taif University. He is also a member of legal committees. He has published a few articles in the field of Law.

Citas

ABDEL SHAHID, SF (2002). “Corporate governance is becoming a global pursuit: What could be done in Egypt?”. International Journal of Finance, 14(1).

ABDEL WAHAB, MSE (2019). “UPDATE: An Overview of the Egyptian Legal System and Legal Research, Globalex”, Hauser Global Law School Program, New York University School of Law, New York Available at https://www.nyulawglobal.org/globalex/Egypt1.html#_The_Egyptian_Legal.

ALBAHETH, HE (2019). “The new Saudi Commercial Courts and Their Jurisdiction over Different Commercial Disputes: Do These new Courts have the Jurisdiction over all Traders’ Disputes?” International Journal of Innovation, Creativity and Change, 8 (2), 331-347. doi:https://www.ijicc.net/images/vol8iss2/8219_Albaheth_2019_E_R.pdf.

ANSARY, AF (2015). “A Brief Overview of the Saudi Arabian Legal System, Globalex, Hauser Global Law School Program”, New York University School of Law, New York Available at http://www.nyulawglobal.org/globalex/Saudi_Arabia1.html.

APPLEBAUM, L (2011). “The Steady Growth of Business Courts, Future Trends in State Courts”, 70 (Williamsburg, VA: National Center for State Courts).

ASHARQ AL-AWSAT NEWSPAPER (2020). “Saudi Ministry of Justice Concludes 2019 With New Initiatives” (Saudi Research and Marketing LTD) availbel at https://aawsat.com/english/home/article/2063116/saudi-ministry-justice-concludes-2019-new-initiatives .

BAAMIR, AY (2013). “Shari’a Law in Commercial and Banking Arbitration: Law and Practice in Saudi Arabia” (Ashgate Publishing, Ltd., Farnham, England).

BASRAWI, A (2018). “The Development of the Judicial System in Saudi Arabia under Vision 2030” (AL tamimi & Co.), available at https://www.tamimi.com/law-update-articles/the-development-of-the-judicial-system-in-saudi-arabia-under-vision-2030/.

ELSAMAN, RS (2011). “Factors to Be Considered Before Arbitrating in the Arab Middle East: Examples of Religious and Legislative Constraints”, International Commercial Arbitration Brief 2011; 1(2): 8-14.

ENCYCLOPÆDIA BRITANNICA (2019). “Gulf Cooperation Council”, available at https://www.britannica.com/topic/Gulf-Cooperation-Council.

ENTERPRISE (2019). “Egypt’s parliament gives early nod to Economic Court Act”, Available at amendmentshttps://enterprise.press/stories/2019/07/10/egypts-parliament-gives-early-nod-to-economic-court-act-amendments/.

FADI, MSh (2014). “The New Judicial Organization in Saudi Arabia; Between the Origins and Rules of the Islamic Judiciary and the Attempts of Contemporary Modernization”, (Al-Rushd Library, Riyadh, Saudi Arabia).

GCC (2020). “About GCC Commercial Arbitration Centre”. Available at http://www.gcccac.org/en/about-centre.

GHANEM, M (2014). “Establishment of Economic Courts in Egypt”. SSRN Electronic Journal 10.2139/ssrn.2489554.

GLOBAL COMPETITIVENESS REPORT (2019). “The World Economic Forum”, available at http://www3.weforum.org/docs/WEF_TheGlobalCompetitivenessReport2019.pdf.

HANSON, M (1987). “The Influence of French Law on the Legal Development of Saudi Arabia”, Arab Law Quarterly 1987; 2(3): 272-291.

JEERAH, AMA (1988). “The Judiciary in Saudi Arabia”, (Institute of Public Administration, Saudi Arabia).

KARL, DJ (1991). “Islamic Law in Saudi Arabia: What Foreign Attorneys Should Know”, George Washington Journal of International Law & Economics 1991; 25(1): 131-170.

LIBRARY OF CONGRESS (2017). “Egypt: Access to the Justice System and to Legal Aid”, https://www.loc.gov/law/help/access-to-justice/egypt.php

MALIK, WH (2007). “Judiciary-led Reforms in Singapore: Framework, Strategies and Lessons”, 9-10 (The International Bank for Reconstruction and Development / The World Bank, Washington, D.C).

OMNIAH, E & HEIKE G (2016). “Commercial Court and Enforcement Assessment Tool”, World Bank, 1 https://openknowledge.worldbank.org/handle/10986/2401

OTTO, JM (2010). “Sharia Incorporated: A Comparative Overview of the Legal Systems of Twelve Muslim Countries in Past and Present” (Leiden University Press, Leiden, The Netherlands).

REDA, AS (2005). “The Judiciary for Development, Could the Economic Reform Achieved in The Absence of Independence and Impartiality and Efficiency Judiciary System?” (Alexandria, Egypt, 2005).

SHARAF AL-DEEN, A (2002). “Studies on Arbitration in International Contracts Disputes”, (Dar Elfekr Alarby, Cairo, Egypt).

SHERWOOD, RM, GEOFFREY, SH & CELSO, MDS (1994). “Judicial Systems and Economic Performance”, 34 Quarterly Review of Economics and Finance (SPECIAL ISSUE) 101.

TRIPP, H & NORTH, P (2009). “Culture Shock! A Survival Guide to Customs and Etiquette”. Saudi Arabia https://archive.org/stream/CultureShockSaudiArabia/Culture%20Shock!%20Saudi%

VILLALOBOS ANTÚNEZ, J & RAMÍREZ MOLINA, R (2018). “El derecho a la autobiografía: dimensión ius-filosófica desde la perspectiva de H. Arendt y P. Ricoeur”. Opción. Revista de Ciencias Humanas y Sociales, 34(18), pp. 1012-1587.

VOGEL, FE (2000). “Islamic Law and the Legal System of Saudi: Studies of Saudi Arabia” (Brill, Leiden, The Netherlands).

WORLD BANK (2006). “Doing Business 2007: How to Reform” (International Bank for Reconstruction and Development/ The World Bank, Washington, D.C.) Available at: https://www.doingbusiness.org/content/dam/doingBusiness/media/Annual-Reports/English/DB07-FullReport.pdf

WORLD BANK (2020). “Doing Business 2020: Comparing Business Regulation in 190 Economies” (International Bank for Reconstruction and Development / The World Bank, Washington, D.C.) Available at: http://documents.worldbank.org/curated/en/688761571934946384/pdf/Doing-Business-2020-Comparing Business-Regulation-in-190-Economies.pdf

WTO (2019). “Law on the Resolution of Economic Disputes, Lao People’s Democratic Republic”, available at https://www.wto.org/english/thewto_e/acc_e/lao_e/WTACCLAO22_LEG_2.pdf

Publicado
2020-08-19
Cómo citar
ALBAHETH, H. E. (2020). Establishing specialized economic courts in Saudi Arabia to boost investments. Utopía Y Praxis Latinoamericana, 25(1), 278-288. Recuperado a partir de https://produccioncientificaluz.org/index.php/utopia/article/view/33536