Article 7 of the Saudi Center for Commercial Arbitration Statute
المادة 7 من تنظيم المركز السعودي للتحكيم التجاري · الفصل الثاني: إدارة المركز
The article makes the board of directors the Center's supreme authority and lists its powers, such as approving the strategy, regulations, arbitration rules, arbitrator registration criteria, fees and the budget.
Official text (Arabic)
This article has not been amended since the law was issued.
المجلس هو السلطة العليا المهيمنة على شؤون المركز وتصريف شؤونه، وله ما يأتي:
1- اعتماد استراتيجية المركز، وسياساته، وخططه، وبرامجه.
2- اعتماد اللوائح الداخلية للمركز، والتي من ضمنها اللوائح الإدارية والمالية.
3- إقرار الهيكل التنظيمي للمركز.
4- تشكيل اللجان التابعة للمجلس واعتماد صلاحياتها.
5- اعتماد قواعد التحكيم، ومعايير السلوك الأخلاقي للأطراف ذات العلاقة.
6- اعتماد معايير القيد في قوائم المحكمين.
7- إقرار المقابل المالي للخدمات التي يقدمها المركز.
8- الموافقة على إنشاء فروع للمركز.
9- اعتماد لائحة استثمار أموال المركز الفائضة عن الحاجة، والإشراف على تنفيذها.
10- قبول الهبات والتبرعات والوصايا والأوقاف.
11- تعيين مراجع (أو أكثر) لحسابات المركز، وتحديد أتعابه.
12- الموافقة على ميزانية المركز وحسابه الختامي وتقريره السنوي، وتزويد مجلس الغرف بنسخة من كل منها.
This is the official Arabic wording, the only legally binding version. We do not translate the law itself; the explanation below is ours. Official source: Bureau of Experts at the Council of Ministers
Article 7 explained in plain English
This article provides that the Center's board of directors is the supreme authority controlling and conducting its affairs, and lists its powers, which can be divided into groups:
Planning and organization:
- Approving the Center's strategy, policies, plans and programs.
- Approving internal regulations, including administrative and financial ones, and endorsing the organizational structure.
- Forming the committees of the board and approving their powers, and approving the establishment of branches.
Arbitration:
- Approving the arbitration rules and standards of ethical conduct for the relevant parties.
- Approving the criteria for registration in the lists of arbitrators.
- Approving the financial consideration for the services the Center provides.
Finance:
- Approving the regulation on investing surplus funds and supervising its implementation.
- Accepting gifts, donations, bequests and endowments.
- Appointing one or more auditors of the Center's accounts and determining their fees.
- Approving the budget, the final account and the annual report, and providing the Council of Chambers with a copy of each.
Under Article 8, the chair of the board represents the board before third parties, supervises its work and chairs its sessions. Note that the power to approve the financial consideration for services means that arbitration fees at the Center are issued by its board of directors.
Translated from our Arabic explanation with machine assistance. For guidance only; it does not replace advice from a lawyer on your situation.
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Frequently asked questions about Article 7 of the Saudi Center for Commercial Arbitration Statute
Who approves the arbitration rules at the Saudi Center for Commercial Arbitration?
The Center's board of directors, which also approves the standards of ethical conduct and the criteria for registration in the lists of arbitrators.
Who determines the fees for the Center's services?
The board of directors approves the financial consideration for the services the Center provides.
Does the Center accept donations and endowments?
Yes. Among the board's powers is accepting gifts, donations, bequests and endowments.
More articles on Arbitration Center Board of Directors
- Article 6
The article regulates formation of the Center's board by order of the Prime Minister, a three-year membership renewable once, and the experience requirements for the chair and members and that they hold no government post.
يكون تشكيل مجلس إدارة المركز بأمر من رئيس مجلس الوزراء بناء على ترشيح يتفق عليه بين وزارة التجارة والاستثمار، ووزارة العدل، بالتنسيق مع اتحاد الغرف التجارية الس
- Article 8
The article gives the chair of the Center's board the functions of representing the board before third parties, supervising its work and chairing its sessions, with the deputy acting in the chair's absence.
يختص رئيس المجلس بتمثيل المجلس أمام الغير، والإشراف على أعماله وإدارة جلساته، وينوب عنه نائب الرئيس حال غيابه.
- Article 9
The article regulates board meetings: quarterly meetings called by the chair and as needed, quorum by majority, decisions by majority of those present, minutes, and barring an interested member from deliberation.
يجتمع المجلس بدعوة من الرئيس بشكل ربع سنوي وكلما دعت الحاجة إلى ذلك، ويجب أن تشتمل الدعوة على جدول الأعمال. ويشترط لصحة الاجتماع حضور أغلبية الأعضاء بمن فيهم ال
- Article 10
The article provides for the confidential nature of the work of the Center's board and obliges everyone who takes part in its work in any capacity to maintain confidentiality, even after their work ends.
يعد عمل المجلس ذا طبيعة سرية، ويجب على كل من شارك في أعماله بأي صفة المحافظة على هذه السرية، حتى بعد انتهاء عمله في المجلس.
- Article 11
The article lists six reasons membership of the Center's board ends, such as expiry of term, government appointment, death, resignation and absence, and membership ends only by a board decision.
تنتهي العضوية في المجلس بأحد الأسباب الآتية: 1- انتهاء مدتها. 2- تعيين العضو في منصب أو وظيفة حكومية. 3- وفاة العضو. 4- فقد العضو الأهلية الشرعية أو عجزه عن أدا
The texts are reproduced from the official website of the Bureau of Experts at the Council of Ministers for reference; where they differ, the officially published Arabic text prevails. This content is not legal advice.