Instructions for Banking Obligations and Transactions in Accordance with the Bankruptcy Law and Its Implementing Regulations

Adhere to the suspension of claims against the debtor immediately upon receiving proof of a court order from the competent court suspending claims. This should be done through official notification channels, the trustee, or the debtor—whichever is applicable— including debit and transfer orders from bank accounts in accordance with the judgments and decisions issued by the competent courts after the suspension of claims, with the following considerations: Adhere to the suspension of claims according to the timeframes specified for each procedure in the Law, or until the bank receives confirmation of the cancellation of the suspension, considering any extensions that may be granted by the competent court. The suspension of claims does not extend to attachment and debit orders from bank accounts and prohibitions on transactions based on judgments and decisions issued before the suspension of claims, unless otherwise directed by the competent court. Ensure compliance with relevant legal provisions regarding the enforcement on guarantees during the suspension of claims. 3.3 Submit the bank's claims to the trustee or committee—whichever is applicable—within the specified timeframe, detailing their nature and attaching supporting documentation. 3.4 Verify the powers and duties of the trustee, and each trustee individually if there are multiple, based on the competent court's ruling. 3.5 Ensure that employees in the relevant departments and branches are familiar with these instructions. Chapter Three: Banking Transactions That May Be Required by the Trustee or Committee 4. Bank Accounts 4.1. A bank account must be opened for the debtor subject to one of the bankruptcy procedures outlined in Section (3.1) according to the following requirements: 1. A request from the trustee or committee, as applicable, to open the account, specifying its purpose. 2. A decision from the competent court including any of the following: A. The initiation of liquidation or liquidation for small debtors for the natural or legal person, and the appointment of a single trustee. B. The initiation of liquidation or liquidation for small debtors and the appointment of multiple trustees, specifying their duties and powers, including the opening and management of bank accounts. C. The initiation of administrative liquidation and the appointment of the Bankruptcy Committee to manage the procedure. D. The suspension of the debtor’s authority and the appointment of the trustee to manage the operations during financial reorganization proceedings. 3. A copy of the trustee's national ID, or a letter from the committee containing the details of the person authorized to manage the account in administrative liquidation proceedings, along with a copy of their national ID. 4. A copy of the commercial register, the founding contract, and its appendices for the legal entity subject to bankruptcy proceedings, or the national ID/residence permit for the natural person.