Bankruptcy Law
Art. 118Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
The trustee may, pursuant to a decision he issues following creditors’ approval in accordance with Article 108 of this Law, distribute to one or
more creditors any in kind bankruptcy assets for the payment of their claims, according to their assessed value based on a certified assessment, if
it is established that the sale of such asset is not possible due to its nature, or is not in the best interest of the remaining creditors.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded