Alqanoni

Bankruptcy Law

Art. 94
Status unknownSaudi ArabiaRegulation

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

The creditor’s petition for the initiation of a liquidation procedure shall not be registered if the debtor disputes the debt prior to filing. If it is proven that the debtor has disputed the debt, such petition shall constitute an abuse of the liquidation procedure.

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

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