Bankruptcy Law
Art. 153Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. For purposes of voting on the proposal, a voting class must be assigned to secured creditors, if any, and another voting class shall be assigned
to unsecured creditors.
2. If the creditors fail to vote on the proposal on the set date, the court shall decide as it deems appropriate, including setting another voting date
or terminating the procedure.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
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