Alqanoni

Bankruptcy Law

Art. 28
Status unknownSaudi ArabiaRegulation

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

Subject to the provisions of Article 16 of this Law, if the proposal would affect owners’ rights, the debtor must call upon them to vote thereon in accordance with relevant laws, provided that such vote precedes the creditors’ vote.

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

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