Bankruptcy Law
Art. 162Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
For a small debtors' liquidation procedure to be initiated, the small debtor must be distressed, bankrupt, or unable to continue his business, and
that his assets are sufficient to cover the expenses of the small debtors' liquidation procedure.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded