Alqanoni

Bankruptcy Law

Art. 190
Status unknownSaudi ArabiaRegulation

Issued by Ministry of Investment (misa.gov.sa)

Notwithstanding the moratorium, the creditor may demand the debtor to repay him if requested to do so by the debtor. The creditor shall only repay the debtor the outstanding amount, if any, after deducting the debtor’s debts. If the remaining amount is owed by the debtor to the creditor, the creditor shall, in relation to the remaining amount, have the right to vote on the proposal or any decision

The Arabic text is the legally binding version. The English translation is provided for guidance only.

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