Article 35 of the Saudi Implementing Regulations of the Bankruptcy Law
المادة 35 من اللائحة التنفيذية لنظام الإفلاس · الفصل الثالث: إجراء التسوية الوقائية: تأشير الأمين على المقترح
This article requires that the application submitted under paragraphs (1) and (3) of Article 21 of the Bankruptcy Law be accompanied by the information and documents specified for that purpose.
Official text (Arabic)
This article has not been amended since the law was issued.
يقدَّم الطلب بموجب الفقرة (1) والفقرة (3) من المادة (الحادية والعشرين) من النظام, مرافقة له المعلومات والوثائق المحددة لذلك.
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 35 explained in plain English
This article of the Implementing Regulations of the Bankruptcy Law is a short procedural article that complements a provision found in the Bankruptcy Law itself. It concerns the application submitted under paragraph (1) and paragraph (3) of Article 21 of the Law, and requires it to be accompanied by the information and documents specified for that purpose.
The information and documents meant are, under Article 1 of the Regulations, information and documents specified by the Bankruptcy Committee in coordination with the Ministry of Justice. That is, this article does not itself list the documents, but refers to the Bankruptcy Committee for specifying them.
This article of the Regulations does not set out the content of that application, which is a matter for the text of Article 21 of the Law. What this article provides is:
- The application submitted under the two mentioned paragraphs must be complete with its attachments.
- The reference for specifying these attachments is what the Bankruptcy Committee specifies in coordination with the Ministry of Justice.
This article sits within the provisions on the preventive settlement procedure in the Regulations, between Article 34 on filing the decision to stay claims and Article 36 on exercising due diligence to perform contractual obligations.
To know when this application is submitted and what is needed for it in your case, it is advisable to refer to the text of Article 21 of the Bankruptcy Law and consult a lawyer who specializes in bankruptcy and commercial cases.
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 35 of the Saudi Implementing Regulations of the Bankruptcy Law
What must accompany the application submitted under Article 21 of the Bankruptcy Law?
The information and documents specified for that purpose must accompany it.
Who specifies the required information and documents?
The Bankruptcy Committee, in coordination with the Ministry of Justice, as defined in Article 1 of the Regulations.
More articles on Protective Settlement
- Article 16
This article of the Regulations specifies the details the proposal must include, as the case may be, such as the debtor's financial position, assets and debts, the proposed settlement, classification of creditors and the plan's timetable.
يجب أن يتضمن المقترح -بحسب الأحوال- ما يأتي: أ - معلومات عن المدين ونشاطه. ب- بيان الوضع المالي للمدين وتأثيرات الوضع الاقتصادي عليه. ج - تحديد أصول المدين وتقد
- Article 17
The meeting management rules apply to managing the vote on the proposal, the debtor or trustee prepares minutes of the voting meeting with specified details, then deposits the voting result with the court.
1- تسري قواعد إدارة الاجتماعات على إدارة عملية التصويت على المقترح. 2- يعد المدين أو الأمين -بحسب الإجراء- محضراً لاجتماع الدائنين للتصويت على المقترح، يقيد فيه
- Article 31
This article sets out when the court approves putting a proposal to amend the plan to creditors and owners for a vote, including a material circumstance, a request within 14 days, and the possible stay of claims.
1 - توافق المحكمة -بناءً على طلب المدين أو الأمين بحسب الإجراء- على تقديم مقترح لتعديل الخطة للدائنين والملاك وتحدد موعداً للتصويت عليه، وذلك في أي من الحالات ا
- 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 33
This article requires the debtor to notify creditors of the preventive settlement opening judgment within 7 days, and gives an unlisted creditor 14 days to ask for its claim to be included.
1- على المدين تبليغ الدائنين المحددين في المقترح بحكم المحكمة بافتتاح إجراء التسوية الوقائية خلال (سبعة) أيام من تاريخ صدوره، ودعوتهم إلى التصويت على المقترح، ع
- Article 34
This article requires the debtor to file the court's decision approving or extending a stay of claims with the Bankruptcy Register as soon as it is issued.
على المدين أن يودع لدى سجل الإفلاس قرار المحكمة بالموافقة على طلب تعليق المطالبات أو تمديده فور صدوره.
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.