Bankruptcy Law
Art. 136Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. The proposal in whose favor the creditors vote shall commence from the date of depositing the voting result with the court. Such proposal shall
become the plan binding upon the debtor, creditors, and owners. The small debtor shall complete the legal procedures required by relevant laws.
2. The small debtor shall deposit in the bankruptcy register the documents indicating the implementation of the plan and shall announce such
implementation, as specified in the Regulations.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded