Article 89 of the Saudi Implementing Regulations of the Bankruptcy Law
المادة 89 من اللائحة التنفيذية لنظام الإفلاس · الفصل السادس عشر: سجل الإفلاس
Makes filing in the bankruptcy register electronic on the specified form and open to the public on the Bankruptcy Committee's website, and requires every filer to update what he filed when it changes.
Official text (Arabic)
This article has not been amended since the law was issued.
1 - يكون إيداع الوثائق والمعلومات في سجل الإفلاس إلكترونيًّا وفق النموذج المحدد لذلك، ويتاح للعموم الاطلاع عليه على الموقع الإلكتروني للجنة الإفلاس.
2 - على كل من أودع وثيقة أو معلومة في سجل الإفلاس تحديثها متى طرأ تغيير عليها.
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 89 explained in plain English
This article of the Regulations governs the bankruptcy register in three respects:
1. How filing is done
Documents and information are filed in the bankruptcy register electronically, on the form specified for that purpose.
2. Public access to the register
The register is made available to the public on the Bankruptcy Committee's website. The register is not limited to the parties to the procedure; anyone can consult it, for example someone who wants to deal with a company and wishes to know whether it is in a bankruptcy procedure.
3. Duty to update
Everyone who has filed a document or information in the register must update it whenever it changes. Responsibility for the accuracy of the filed information remains with the person who filed it.
The article follows Article 88, under which the Bankruptcy Committee, in coordination with the Ministry of Justice, specifies the information and documents and publishes them in the Official Gazette. It is followed by Article 90, which deals with another register, the one provided for in paragraph 2 of Article 204 of the Law, and restricts access to it to specified data after the penalty judgment becomes final.
The article does not set a deadline for updating or a penalty for failing to update. Anyone who needs to understand the effect of what is filed in the register on his dealings may consult a lawyer specializing in bankruptcy and commercial cases.
Practical example
Before a contracting company in Riyadh signed a supply contract with a new establishment, its procurement manager visited the Bankruptcy Committee's website and consulted the bankruptcy register to check the establishment's status, because the register is open to the public.
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 89 of the Saudi Implementing Regulations of the Bankruptcy Law
Is the bankruptcy register open to everyone?
Yes. The public may consult it on the Bankruptcy Committee's website.
How is filing in the bankruptcy register done?
Electronically, on the form specified for that purpose.
Who is responsible for updating the information in the bankruptcy register?
Everyone who filed a document or information must update it whenever it changes.
More articles on Bankruptcy Committee and Bankruptcy Register
- Article 34
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على المدين أن يودع لدى سجل الإفلاس قرار المحكمة بالموافقة على طلب تعليق المطالبات أو تمديده فور صدوره.
- Article 60
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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 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 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
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.