Book traversal links for 19. Governing Law and Jurisdiction
19. Governing Law and Jurisdiction
No: 43013189 | Date(g): 19/9/2021 | Date(h): 12/2/1443 |
Effective from 2021-09-19 - Sep 18 2021
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This Agreement will be governed by the laws of the Kingdom of Saudi Arabia. Each party submits to the exclusive jurisdiction of the Banking Disputes Committee established in the Kingdom of Saudi Arabia pursuant to High Order No. 729/8 dated 10/7/1407H (corresponding to 10/3/1987) and operating under the aegis of the Saudi Arabian Monetary Authority, as reconstituted pursuant to Royal Order No. 37441 dated 11/8/1433H (corresponding to 1/7/2012) and its appellate committee and any successor forum thereto.