Article 116 Of Chapter 11

Section: Penalties and Disciplinary Actions

The non-penal circuits of the Court of First Instance shall, by their own initiative, refer to the Capital Market Court the cases that are being heard by them and that have become subject to the jurisdiction of the Capital Market Court pursuant to the provisions of this Law, in the condition at the time of referral. In the event of the absence of any litigant, the Clerks Department shall notify him of the referral and require him to appear before the court at the prescribed times before the Circuits to which the case has been referred. The provisions of the preceding paragraph shall not apply to the cases in respect of which the Court has rendered judgment concerning a part of the merits thereof, and the cases in respect of which a partial judgment has been issued in respect of a part of the litigations and the cases in which judgments have been issued to postpone them for rendering judgment even where the court has given permission to the parties to submit memoranda. The penal courts shall continue to hear the suits referred to them prior to the date of entry into force of this Law in respect of crimes that have become subject to the jurisdiction of the Capital Market Court.