Riyadh Resolves 7,700 Commercial Disputes Through Taradhi Conciliation Platform
RIYADH — In a groundbreaking move, the Ministry of Justice has successfully resolved 7,700 commercial disputes through the innovative Taradhi conciliation platform by the end of 2023.
This initiative is a shining example of the government’s commitment to the goals of the National Transformation Program and Vision 2030. The primary objective is to simplify and streamline the dispute resolution processes, making them more efficient and effective.
The Taradhi platform, easily accessible online, provides a user-friendly and remote environment where parties involved in disputes can come together with the assistance of certified conciliators.
One of the key features of this platform is its ability to enhance the investment climate in the Kingdom by establishing a robust legal framework that guarantees the validity and enforceability of conciliation agreements. These agreements are not just mere pieces of paper; they are legally binding and can be enforced without the need for costly and time-consuming litigation if parties fail to comply. — SG
