Bankruptcy Law
Art. 90Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
The court shall, on its motion or upon the request of a person with interest, initiate a liquidation procedure or an administrative liquidation
procedure if:
a) the debtor is distressed or bankrupt;
b) the conditions required for the initiation of a liquidation procedure or an administrative liquidation procedure are satisfied; and
c) the financial restructuring procedure is terminated pursuant to Article 87(c), (d), (e), (f), or (g) of this Law.
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded