Article 95 of the Saudi Implementing Regulations of the Bankruptcy Law
المادة 95 من اللائحة التنفيذية لنظام الإفلاس · الفصل الثامن عشر: أحكام ختامية
Allows the transactions provided for in the Bankruptcy Law or its Implementing Regulations to be carried out electronically.
Official text (Arabic)
This article has not been amended since the law was issued.
يجوز أن تجرى التعاملات المنصوص عليها في النظام أو اللائحة إلكترونيًّا.
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 95 explained in plain English
This article opens the concluding provisions of the Regulations and sets a general rule: the transactions provided for in the Bankruptcy Law or the Regulations may be carried out electronically.
In understanding the article, note the following:
- Scope: the transactions provided for in the Law or the Regulations, without specifying any particular type.
- Nature of the rule: the text uses the word "may," so it permits the electronic means and does not make them mandatory under this article.
- What the article does not address: it does not specify the platforms or electronic means to be used, or the detailed procedures for that.
The practical value of this provision is that it gives a general basis for using electronic means in correspondence, applications, filings and other transactions governed by the Law and the Regulations, saving time and effort for debtors, creditors and trustees.
The article follows Article 94, which provides that trustees and experts are entitled to fees under the rules on fees of trustees and experts, and precedes Article 96, which allows the private sector to be used in carrying out support services for applying the provisions of the Law and the Regulations.
Anyone who wants to know the means available for submitting a particular application or filing should refer to the approved rules and forms, and 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 95 of the Saudi Implementing Regulations of the Bankruptcy Law
Can bankruptcy transactions be carried out electronically?
Yes. The article allows the transactions provided for in the Law or the Regulations to be carried out electronically.
Is electronic dealing mandatory under this article?
No. The text uses the word "may," so it permits the electronic means without requiring them.
More articles on Definitions and Final Provisions
- Article 1
This article of the Regulations refers the meaning of its terms to Article 1 of the Bankruptcy Law, and defines three specific terms: bankruptcy procedure, information and documents, and rules for managing meetings.
1 - يكون للألفاظ والمصطلحات الواردة في هذه اللائحة المعاني المبينة أمام كل منها في المادة (الأولى) من نظام الإفلاس، الصادر بالمرسوم الملكي رقم (م/50) وتاريخ 28
- Article 2
This article of the Regulations specifies what is a regulated entity: health and education companies meeting the competent authority's criteria, and payment systems and their operators and service providers.
1 - يعد ما يأتي كياناً منظَّماً: أ - الشركات التي يكون نشاطها تقديم الخدمات والمنتجات الصحية وتنطبق عليها معايير الكيان المنظم التي تضعها الجهة المختصة. ب - الش
- Article 15
The meeting management rules apply to any meeting of creditors or the creditors' committee held under the Bankruptcy Law or its Regulations, unless otherwise agreed.
تطبق قواعد إدارة الاجتماعات على أي اجتماع -للدائنين أو لجنة الدائنين- يُعقد بموجب أحكام النظام أو اللائحة، ما لم يتفق على غير ذلك.
- Article 96
Allows the private sector to be used in carrying out support services for applying the provisions of the Bankruptcy Law and its Implementing Regulations.
يجوز الاستعانة بالقطاع الخاص في تنفيذ الخدمات المساندة لتطبيق أحكام النظام واللائحة.
- Article 97
Specifies the bodies that issue the rules on cross-border bankruptcy, running meetings, procedures in bankruptcy cases, and fees of trustees and experts.
1 - يصدر الوزير -بالتنسيق مع وزير العدل- القواعد المنظمة لإجراءات الإفلاس العابرة للحدود. 2- يصدر الوزير قواعد إدارة الاجتماعات. 3- يصدر وزير العدل بالاتفاق مع
- Article 98
Provides for publishing the Regulations and the rules issued under them in the Official Gazette, with each taking effect from the date of its publication.
تنشر اللائحة والقواعد التي تصدر بموجبها في الجريدة الرسمية، ويعمل بها من تاريخ نشر كل منها.
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.