Article 22 of the Saudi Implementing Regulations of the Bankruptcy Law
المادة 22 من اللائحة التنفيذية لنظام الإفلاس · الفصل الثاني: أحكام مشتركة بين إجراءات الإفلاس: طلب افتتاح إجراء الإفلاس
The trustee begins work from the date the bankruptcy procedure opens unless the judgment sets another date; a judgment appointing several trustees states their tasks, and the trustee hands the debtor what he holds once the procedure ends.
Official text (Arabic)
This article has not been amended since the law was issued.
1- يباشر الأمين مهماته من تاريخ افتتاح إجراء الإفلاس، ما لم يتضمن حكم المحكمة بافتتاحه تاريخاً آخر.
2- يجب أن يتضمن حكم المحكمة بتعيين أكثر من أمين بياناً بمهماتهم وصلاحياتهم.
3- إذا قضت المحكمة بخضوع شخص آخر للإجراء المفتتح للمدين، فلها أن تعين لهذا الشخص أميناً مدرجاً في قائمة الأمناء.
4 - يقدم الأمين للمدين فور انتهاء إجراء الإفلاس جميع ما بحوزته من أصول المدين وجميع السجلات والمراسلات والمطالبات وأي معلومات أو وثائق أخرى ذات علاقة بالإجراء حصل عليها أو أنشأها خلال عمله أميناً.
This is the official Arabic wording, the only legally binding version. We do not translate the law itself; the explanation below is ours. Official source: Bureau of Experts at the Council of Ministers
Article 22 explained in plain English
This article of the Implementing Regulations of the Bankruptcy Law sets basic rules on when the trustee's work begins and ends.
- When does the trustee start? The trustee begins his tasks from the date the bankruptcy procedure opens, unless the court's judgment opening it states another date.
- Several trustees: If the court appoints more than one trustee, its judgment must include a statement of their tasks and powers.
- Another person made subject to the procedure: If the court rules that another person is subject to the procedure opened for the debtor, it may appoint for that person a trustee who is listed on the trustees' list. This article does not say when another person becomes subject to the procedure.
- When the procedure ends: As soon as the bankruptcy procedure ends, the trustee gives the debtor all the debtor's assets in his possession, all records, correspondence and claims, and any other information or documents related to the procedure that he obtained or created while working as trustee.
The text uses the words "as soon as" and "all": delivery is required immediately when the procedure ends, and it covers everything the trustee holds that relates to the procedure.
Relation to neighboring articles: Article 23 regulates the removal and withdrawal of the trustee, and requires a removed or withdrawing trustee, while the procedure is in progress, to hand the new trustee, under a record signed by both, within 14 days of the court's decision, all the debtor's assets, records, correspondence, claims and documents in his possession. Article 21 requires a debtor who is a natural person and was not discharged from a remaining debt to notify his creditors if he starts an activity within 24 months of the end of the liquidation.
Anyone who needs to know the limits of a trustee's powers in a particular procedure is advised to refer to the appointment judgment and to consult a lawyer who specializes in bankruptcy cases.
Practical example
A judgment opened a bankruptcy procedure for a company in Riyadh, and the court appointed two trustees and stated their tasks and powers in its judgment. When the procedure ended, the two trustees handed the company all the assets, records, correspondence, claims and documents related to the procedure that they held.
Translated from our Arabic explanation with machine assistance. For guidance only; it does not replace advice from a lawyer on your situation.
How we write and review contentCommercial & Corporate Law lawyers: ask a specialist about your case
Describe your situation briefly and we'll suggest a lawyer who specialises in this law
Commercial & Corporate Law lawyers
Lawyers who handle this kind of case
Ibrahim Al Salem Law Firm
Active contributor
Dr. Ali Al-Rubaie Law Office and Ittihad Al-Asr Legal Company
Frequently asked questions about Article 22 of the Saudi Implementing Regulations of the Bankruptcy Law
When does a bankruptcy trustee start work?
From the date the bankruptcy procedure opens, unless the court's judgment opening it states another date.
Can more than one trustee be appointed in a bankruptcy procedure?
Yes. In that case the court's judgment must include a statement of their tasks and powers.
What does the trustee give the debtor after the procedure ends?
As soon as the procedure ends, he gives the debtor all the debtor's assets in his possession, the records, correspondence and claims, and any information or documents related to the procedure.
More articles on Bankruptcy Trustee and Experts
- Article 23
This article regulates the removal and withdrawal of the trustee: notice to the court of a license being struck off or suspended, a request to withdraw for a legitimate reason, filing the decisions, appointing a replacement, and handover within 14 days.
1 - تبلغ لجنة الإفلاس المحكمة بشطب ترخيص الأمين أو الخبير أو إيقافه مؤقتاً أو عدم تجديده, وذلك للنظر في عزله أو استمراره في إجراء الإفلاس المعين فيه. 2- للأمين
- Article 32
This article requires the preventive settlement proposal to be endorsed by a trustee listed on the trustees' list as meeting the required information and documents.
يجب أن يكون المقترح المرافق لطلب افتتاح إجراء التسوية الوقائية مؤشراً عليه من أمين مدرج في قائمة الأمناء باستيفائه المعلومات والوثائق المطلوبة.
- Article 45
This article requires the trustee to attach a report on the proposal when filing it, and the debtor to notify affected creditors and owners of the voting date once the trustee approves.
1 - على الأمين أن يرفق -عند إيداع المقترح لدى المحكمة- تقريره المتضمن رأيه في إمكان موافقة الدائنين على المقترح, وقابليته للتنفيذ. 2 - على المدين -بعد موافقة ال
- Article 65
This article requires the trustee, when filing the proposal with the court, to attach a report giving his opinion on the possibility of the creditors approving it and on its feasibility.
على الأمين أن يرفق عند إيداع المقترح لدى المحكمة تقريره المتضمن رأيه في إمكان موافقة الدائنين على المقترح, وقابليته للتنفيذ.
- Article 85
Sets the powers of the Bankruptcy Committee to issue rules on the bankruptcy register and the register referred to in Article 204 of the Law, on licensing, work, conduct and nomination of trustees and experts, and on inspection and verification.
مع مراعاة أحكام المادة (التاسعة) من النظام، تتولى لجنة الإفلاس الاختصاصات الآتية: أ - إصدار قواعد حفظ وإدارة سجل الإفلاس والسجل المنصوص عليه في الفقرة (2) من ال
- Article 91
Refers the conditions for licensing trustees and experts to the licensing rules, and sets when a name is removed from the list, the penalties for breach, and that suspension and removal decisions take effect from notification.
1 - تحدد قواعد الترخيص شروط منحه وإجراءاته, وواجبات المرخص له. 2- يقيد اسم المرخص له في قائمة الأمناء أو الخبراء، ولا يزال إلا في الحالات الآتية: أ - انتهاء مدة
The texts are reproduced from the official website of the Bureau of Experts at the Council of Ministers for reference; where they differ, the officially published Arabic text prevails. This content is not legal advice.