Civil Transactions Law
Art. 247Status unknownSaudi ArabiaRegulation
Issued by Ministry of Investment (misa.gov.sa)
If attachment against the debtor is made before the assignment becomes
effective against a third party, said assignment shall, with respect to the
attachment creditor, be deemed a second attachment; in such case, the right
shall be divided between the assignee and the attachment creditor in the same
manner distribution is made among creditors.
Section 2: Assignment of Debt
The Arabic text is the legally binding version. The English translation is provided for guidance only.
Freshness not yet recorded