Article 80 of the Saudi Implementing Regulations of the Bankruptcy Law
المادة 80 من اللائحة التنفيذية لنظام الإفلاس · الفصل الثالث عشر: حق الاعتراض على الأحكام والقرارات
Any interested person may object before the court of appeal to a court judgment or decision on the joint liability of owners or on transactions that can be annulled.
Official text (Arabic)
This article has not been amended since the law was issued.
يجوز لكل ذي مصلحة الاعتراض أمام محكمة الاستئناف على حكم المحكمة أو قرارها إذا كان موضوعه أيًّا مما يأتي:
أ - مسؤولية الملاك المتضامنين بموجب الفقرة (2) من المادة (العشرين بعد المائة) من النظام.
ب - التعاملات القابلة للإلغاء بموجب الفصل (الثالث عشر) من النظام.
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 80 explained in plain English
This article of the Regulations, in the chapter on the right to object to judgments and decisions, deals with two cases in which an objection before the court of appeal is permitted.
Who may object? Any interested person, so the right is not limited to the debtor or a creditor.
What may be objected to? A court judgment or decision whose subject is one of two matters:
- The joint liability of owners under paragraph 2 of Article 120 of the Bankruptcy Law.
- Transactions that can be annulled under Chapter Thirteen of the Bankruptcy Law.
Note that the article mentions the two subjects by reference to the Law without explaining the content of paragraph 2 of Article 120 or the provisions of Chapter Thirteen, which should be consulted in the Law to know when the joint liability of owners arises or when a transaction can be annulled.
The article also does not specify the period for objecting, its procedures or its effect on carrying out the judgment or decision, which are matters referred to the Bankruptcy Law and the rules issued under it.
Because the dates and procedures for objecting are delicate matters, anyone against whom a judgment or decision affecting his interest has been issued is advised to consult a lawyer who specializes in bankruptcy and commercial cases.
Practical example
A court decision was issued annulling a transaction made by a struggling company in Riyadh with another party, under Chapter Thirteen of the Law. The other party, as an interested person, may object to this decision before the court of appeal.
Translated from our Arabic explanation with machine assistance. For guidance only; it does not replace advice from a lawyer on your situation.
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Frequently asked questions about Article 80 of the Saudi Implementing Regulations of the Bankruptcy Law
May a bankruptcy judgment be objected to before the court of appeal?
The article allows any interested person to object before the court of appeal to a judgment or decision on the joint liability of owners or on transactions that can be annulled.
Who may object under this article?
Any interested person.
Does the article specify the period for objecting?
No. The article mentions neither the period for objecting nor its procedures.
More articles on Creditors' Claims and Rights
- Article 10
This article of the Regulations gives the creditors' committee, creditor and debtor the right to inspect the procedure's information and documents held by the trustee or Bankruptcy Committee, unless declared confidential, with the right to object before the court.
1- للجنة الدائنين والدائن والمدين حق الاطلاع على ما لدى الأمين أو لجنة الإفلاس من معلومات ووثائق متعلقة بإجراء الإفلاس المفتتح للمدين ما لم يقرر الأمين أو لجنة
- Article 12
Enforcement against the assets securing the debtor's debt during the period of suspension of claims is carried out in accordance with the provisions of the relevant laws.
يكون التنفيذ على الأصول الضامنة لدين المدين خلال مدة تعليق المطالبات، وفقاً لأحكام الأنظمة ذات العلاقة.
- Article 13
The creditor submits his claim to the trustee or the Bankruptcy Committee within the period specified for submitting claims and in the specified form.
يقدم الدائن مطالبته إلى الأمين أو لجنة الإفلاس خلال المدة المحددة لتقديم المطالبات وفق النموذج المحدد لذلك.
- Article 14
The trustee or the Bankruptcy Committee reviews and verifies creditors' claims, then prepares a list of them with specified details and submits it to the court for approval within 14 days of the end of the claims submission period.
1- يراجع الأمين أو لجنة الإفلاس -بحسب الإجراء- مطالبات الدائنين، مع اتخاذ ما يلزم للتحقق من صحتها وقيمة كل منها والمعلومات المقدمة لإثباتها. 2- يعد الأمين أو لج
- Article 30
During the stay of claims, the court considers a creditor's request when it finds its own property with the debtor, and orders its return where the property is unchanged, no part of the price was received, and the request is made within 5 days.
تنظر المحكمة -خلال مدة تعليق المطالبات- في طلب الدائن الذي وجد عين ماله عند المدين، وتقضي برد عين ماله في الحالات الآتية: أ - إذا لم يتغير ماله بزيادة أو نقصان
- 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
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.