Do the Commercial Courts have jurisdiction over disputes arising from financial lease contracts concluded by a lessor not licensed to practice financial leasing activity?
Legal Answer
Radiif AI Legal Assistant
⚡ Quick Answer:
The Commercial Courts do not have jurisdiction over these disputes. Rather, jurisdiction is vested in the General Courts, unless the lessor is a bank, in which case the Banking Disputes Committees shall have jurisdiction.
Legal References & Citations
المادة (3) من المرسوم الملكي رقم (م/51) وتاريخ 13/8/1433هـ (نظام مراقبة شركات التمويل)
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