Article 85 of the Saudi Implementing Regulations of the Bankruptcy Law
المادة 85 من اللائحة التنفيذية لنظام الإفلاس · الفصل الخامس عشر: لجنة الإفلاس
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.
Official text (Arabic)
This article has not been amended since the law was issued.
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 المادة (الرابعة بعد المائتين) من النظام.
ب - إصدار قواعد الترخيص للأمناء والخبراء.
ج - إصدار القواعد المنظمة لعمل أمناء الإفلاس والخبراء بالتنسيق مع وزارة العدل.
د - إصدار قواعد السلوك المهني للأمناء والخبراء.
ه - إصدار قواعد التفتيش والتحقق.
و - إصدار قواعد ترشيح الأمناء والخبراء بالتنسيق مع وزارة العدل.
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 85 explained in plain English
This article of the Regulations opens the chapter on the Bankruptcy Committee and lists its powers, subject to Article 9 of the Bankruptcy Law.
All of the Committee's powers concern issuing rules on the following:
- Rules for keeping and managing the bankruptcy register, and the register provided for in paragraph 2 of Article 204 of the Law.
- Licensing rules for trustees and experts.
- Rules regulating the work of bankruptcy trustees and experts, in coordination with the Ministry of Justice.
- Professional conduct rules for trustees and experts.
- Inspection and verification rules.
- Rules for nominating trustees and experts, in coordination with the Ministry of Justice.
Note that the text requires coordination with the Ministry of Justice in only two items: the rules regulating the work of trustees and experts, and the rules for nominating them.
This means that anyone who wants to work as a trustee or expert, or deals with them, will not find the details of licensing, professional conduct and nomination in this article, but in the rules the Committee issues.
It is followed by Article 86, which makes inspection, verification and seizure the work of the staff of the General Secretariat of the Bankruptcy Committee who are named by a decision of the Committee. This article does not explain the content of Article 9 of the Law or of the register referred to in Article 204. Anyone who needs to know the rules that apply to his case may consult a lawyer specializing 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.
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Frequently asked questions about Article 85 of the Saudi Implementing Regulations of the Bankruptcy Law
What are the powers of the Bankruptcy Committee under the Implementing Regulations?
Issuing rules for the bankruptcy register and the register referred to in Article 204 of the Law, rules for licensing trustees and experts and regulating their work, professional conduct and nomination, and rules for inspection and verification.
Who issues the rules for licensing bankruptcy trustees?
The Bankruptcy Committee.
Does the Bankruptcy Committee coordinate with the Ministry of Justice?
Yes, in issuing the rules regulating the work of trustees and experts and the rules for nominating them.
More articles on Bankruptcy Committee and Bankruptcy Register
- 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.
- Article 60
This article requires the small debtor to file the decision approving a stay of claims or extending it with the Bankruptcy Register as soon as it is issued, and to announce it within 5 days.
1 - على المدين الصغير فور إصدار المحكمة قراراً بالموافقة على طلب تعليق المطالبات أو تمديده, إيداع القرار لدى سجل الإفلاس. 2 - يعلن المدين الصغير قرار المحكمة با
- Article 63
This article requires the trustee to file the judgment opening financial reorganization for small debtors, or the decision accepting the judicial filing, with the Bankruptcy Register within 5 days of the opening.
يودع الأمين لدى سجل الإفلاس حكم المحكمة بافتتاح إجراء إعادة التنظيم المالي لصغار المدينين أو قرارها بقبول الإيداع القضائي، وذلك خلال (خمسة) أيام من تاريخ افتتاح
- Article 72
This article requires the Bankruptcy Committee to file the decision ending administrative liquidation with the court and to file proof of the ending in the Bankruptcy Register and the Commercial Register within 5 days, and limits removing the debtor's name to a natural person.
1- تودع لجنة الإفلاس لدى المحكمة قرار إنهاء إجراء التصفية الإدارية مرافقاً له المعلومات والوثائق المحددة لذلك، وتودع لدى سجل الإفلاس والسجل التجاري ما يفيد بإنه
- Article 86
Staff of the General Secretariat of the Bankruptcy Committee named by its decision carry out inspection, verification and seizure and may request any necessary document; the Committee may request the penalty in Article 207 of the Law.
1 - يتولى موظفو الأمانة العامة للجنة الإفلاس -الذين يصدر بتسميتهم قرار من اللجنة- أعمال التفتيش والتحقق والضبط، وللجنة الاستعانة في أداء هذه الأعمال بمن تراه مؤ
- Article 87
Subjects the staff of the General Secretariat of the Bankruptcy Committee to the Labor Law and the Social Insurance Law.
يخضع موظفو الأمانة العامة للجنة الإفلاس لأحكام نظامي العمل والتأمينات الاجتماعية.
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.