Bankruptcy Law
Art. 140Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
The court shall, on its own motion or upon the request of a person with interest, initiate the appropriate bankruptcy procedure if:
a) the small debtor is distressed or bankrupt;
b) the conditions of initiating the bankruptcy procedure are satisfied; and
c) the small debtors' protective settlement procedure is terminated pursuant to Article 139(b), (c), (e), (f) or (g) of this Law.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded