Bankruptcy Law
Art. 155Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. The proposal accepted by the creditors shall become effective from the date of depositing the voting result with the court. The proposal shall
become the plan binding on the small debtor, creditors, and owners. The small debtor must comply with the statutory procedures mandated by
relevant laws.
2. The trustee shall deposit in the Bankruptcy Register a proof of the implementation of the plan and 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