Bankruptcy Law
Art. 107Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
The following persons may not submit, in person or by proxy, an offer to purchase any of the bankruptcy assets offered for sale, unless they are
offered at public auction:
a) The creditor.
b) The debtor, owner, or their spouses, in-laws, or kins up to the fourth degree.
c) The debtor’s partner, employee, auditor, or agent within the two years preceding initiation of the procedure.
d) The trustee or his kin up to the fourth degree.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded