Article 97 of the Saudi Implementing Regulations of the Bankruptcy Law
المادة 97 من اللائحة التنفيذية لنظام الإفلاس · الفصل الثامن عشر: أحكام ختامية
Specifies the bodies that issue the rules on cross-border bankruptcy, running meetings, procedures in bankruptcy cases, and fees of trustees and experts.
Official text (Arabic)
This article has not been amended since the law was issued.
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 المجلس الأعلى للقضاء القواعد المنظمة لإجراءات قضايا الإفلاس، على أن تتضمن إجراءات النظر في الطلبات وإصدار الأحكام والقرارات والاعتراض عليها ونفاذها.
4 - يصدر وزير العدل -بالتنسيق مع لجنة الإفلاس- 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 97 explained in plain English
This article of the Regulations specifies who issues four groups of rules that supplement the Bankruptcy Law and its Regulations:
- Rules on cross-border bankruptcy procedures: issued by the Minister in coordination with the Minister of Justice.
- Rules for running meetings: issued by the Minister. Under Article 1 of the Regulations, these are rules for running meetings relating to bankruptcy procedures.
- Rules on procedures in bankruptcy cases: issued by the Minister of Justice in agreement with the Supreme Judicial Council, and they must include the procedures for considering applications, issuing judgments and decisions, objecting to them, and their enforceability.
- Rules on fees of trustees and experts: issued by the Minister of Justice in coordination with the Bankruptcy Committee.
Note that the wording of the other body's participation differs between items: "in coordination" in items one and four, and "in agreement" in item three, while the Minister alone issues item two.
In practice, this means that someone looking for the details of these matters, such as the deadlines for objecting to bankruptcy judgments, the amount of a trustee's fees or how a creditors' meeting is run, will not find them in this article but in the rules issued by the bodies named.
The article follows Article 96, which allows the private sector to be used for support services, and precedes Article 98, which provides for publishing the Regulations and the rules issued under them in the Official Gazette, with effect from the date each is published.
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.
How we write and review contentCommercial & Corporate Law lawyers: ask a specialist about your case
Describe your situation briefly and we'll suggest a lawyer who specialises in this law
Commercial & Corporate Law lawyers
Lawyers who handle this kind of case
Ibrahim Al Salem Law Firm
Active contributor
Dr. Ali Al-Rubaie Law Office and Ittihad Al-Asr Legal Company
Frequently asked questions about Article 97 of the Saudi Implementing Regulations of the Bankruptcy Law
Who issues the rules on cross-border bankruptcy?
The Minister, in coordination with the Minister of Justice.
Who issues the rules on procedures in bankruptcy cases?
The Minister of Justice, in agreement with the Supreme Judicial Council. They include the procedures for considering applications, issuing judgments and decisions, objecting to them and their enforceability.
Who sets the fees of bankruptcy trustees and experts?
The Minister of Justice issues the rules on fees of trustees and experts in coordination with the Bankruptcy Committee.
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 95
Allows the transactions provided for in the Bankruptcy Law or its Implementing Regulations to be carried out electronically.
يجوز أن تجرى التعاملات المنصوص عليها في النظام أو اللائحة إلكترونيًّا.
- 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 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.