Bankruptcy Law
Art. 104Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
Without prejudice to Article 108 of this Law, the trustee shall, immediately after the initiation of the liquidation procedure, take necessary actions
for the sale of the bankruptcy assets at the best possible price, including the sale of all bankruptcy assets in one transaction, provided that sale
proceeds are deposited in a current account opened for such purpose.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded