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Procedure to execute a colombian decree in Saudi Arabia
30-Dec-2023 (In International Law Law)
We are a company in Sri Lanka. We have an agreement with an agency in Saudi Arabia to market our products. In the dispute resolution clauses, in addition to other clauses to resolve disputes, we have a clause that we can move the court at Sri Lanka seeking remedy in case of any dispute. We moved the court at Colombo and got a judgment favouring us to stop the agency from marketing our products and also to pay our dues along with interest.We need an Advocate sound in Saudi Law to execute the judgment.
We can professionally assist you in this. Saudi Arabia has acceded to the NEW YORK CONVENTION for recognition and enforcement of foreign judgments on a condition of principle of reciprocity. It means that if Sri Lanka government accepts the enforcement of Saudi’s court judgment, then, Saudi Arabia will enforce the award you have on hand.
However, as per Shariat Law, interest on sum due will not be enforced.
However, as per Shariat Law, interest on sum due will not be enforced.
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Adv. Dr. Gubbi S Subba Rao
Bangalore | 100+ Answers
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