Bankruptcy Law
Art. 157Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
1. A court's decision ordering termination of a small debtors' financial restructuring procedure shall not relieve the guarantor from his obligations to
implement the plan.
2. A creditor shall not be required to return to the debtor any payments received prior to the termination of the procedure.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded