Bankruptcy Law
Art. 195Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
Fees and expenses of the bankruptcy trustee and expert, if any, and the sale expenses of bankruptcy assets shall have priority over other debts
during the liquidation procedure and small debtors’ liquidation procedure, and must be satisfied prior to the distribution of sale proceeds of
bankruptcy assets to creditors.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded