3.
Main corporate and commercial laws
Royal
Decree for the Regulation of Companies No. M6 of 1965 (as amended).
Royal Decree for the Regulation of Commercial
Agencies No. 11 of 1962 (as amended).
Implementation Rules for Commercial Agencies
Regulations No. 1897 of 1981.
4.
The Judicial System
The
local Saudi courts who apply Shariah have the jurisdiction to review
all matters civil, criminal or personal status. However, the Royal
Decree for the Regulation of Companies No. M6 of 1965 (as amended)
provided in its Article 232 for the establishment of a Commission
for the settlement of of commercial companies disputes. When the
jurisdiction of this Commission was later expanded to cover commercial
disputes as well, it became known as the Commission for the settlement
of commercial disputes. Decisions of the Commission maybe appealed
to the special appeals tribunal.
5.
The Judiciary
While
judges of the local courts are usually appointed by the Ministry
of Justice from amongst graduates of recognised Shariah/law colleges,
members of the commission for the settlement of disputes are appointed
by the Ministry of Trade. .
6.
The Legal Profession
Practising
lawyers have to be Saudi nationals licensed by the Ministry of Justice
to plead cases in the local courts. However, lawyers practising
at the commissions for settlement of disputes are licensed by the
Ministry of Trade. While Arab or foreign expatriate lawyers usually
serve as legal consultants to Saudi lawyers, some foreign law firms
have established associations with Saudi lawyers.
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