Monday 12 November 2012

Mysteries over Saudi City court | Opinion | The Lawyer

Commercial lawyers wait to see what shape the reported Saudi ‘arbitration centre’ in London will take

On 30 October the Financial Times published an intriguing story under the headline ‘Saudis seek private court in London’.

The article describes how Saudi Arabia “plans to lobby the UK Government to set up an arbitration centre in London”, with a panel comprising leading UK lawyers and former judges, how “the Saudis aim for their largest companies, including Aramco, the state oil monopoly, contractually to stipulate the use of the London venue to settle any dispute” and how “the contracts would be written under English law”.

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