Article 94 of the Saudi Implementing Regulations of the Bankruptcy Law
المادة 94 من اللائحة التنفيذية لنظام الإفلاس · الفصل السابع عشر: الأمناء والخبراء: الترخيص للأمناء والخبراء
Provides that the trustee and the expert are entitled to fees for performing the tasks assigned to them in the bankruptcy procedure, under the rules on fees of trustees and experts.
Official text (Arabic)
This article has not been amended since the law was issued.
يستحق الأمين والخبير أتعاباً نظير أداء المهمات المكلفين بها في إجراء الإفلاس وفق قواعد أتعاب الأمناء والخبراء.
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 94 explained in plain English
This article of the Regulations establishes the right of the trustee and the expert to fees.
Its elements, as stated in the text:
- Who is entitled? The trustee and the expert.
- In return for what? Performing the tasks assigned to them in the bankruptcy procedure. Entitlement is tied to the tasks they were assigned.
- How are fees set? Under the rules on fees of trustees and experts.
In practice, this means that the amount of the fees and how they are calculated are not in this article but in the rules on fees of trustees and experts. Someone who asks "how much does a bankruptcy trustee charge?" will not find the answer here and should refer to those rules. The article also does not say who bears the payment of the fees.
A bankruptcy procedure, as defined in Article 1 of the Regulations, is any of the bankruptcy procedures set out in Article 2 of the Law, so this provision covers the trustee and the expert in any of them.
The article follows Article 93, which allows the Bankruptcy Committee to approve professional bodies to license trustees or experts, and precedes Article 95, which allows the transactions provided for in the Law or the Regulations to be carried out electronically.
A debtor or creditor with a question about a trustee's or expert's fees in an existing procedure 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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Active contributorFrequently asked questions about Article 94 of the Saudi Implementing Regulations of the Bankruptcy Law
Is a bankruptcy trustee entitled to fees?
Yes. The trustee and the expert are entitled to fees for performing the tasks assigned to them in the bankruptcy procedure.
How are a bankruptcy trustee's fees determined?
Under the rules on fees of trustees and experts; the article does not state the amount.
More articles on Bankruptcy Trustee and Experts
- Article 22
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.
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 بمهما
- 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 of the Regulations requires that the proposal for a protective settlement be endorsed by a trustee on the list of trustees 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 of the Regulations requires the trustee to attach a report on the proposal when it is filed, and the debtor to notify affected creditors and owners of the voting date after the trustee's approval.
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
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.