Article 98 of the Saudi Implementing Regulations of the Bankruptcy Law
المادة 98 من اللائحة التنفيذية لنظام الإفلاس · الفصل الثامن عشر: أحكام ختامية
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.
Official text (Arabic)
This article has not been amended since the law was issued.
تنشر اللائحة والقواعد التي تصدر بموجبها في الجريدة الرسمية، ويعمل بها من تاريخ نشر كل منها.
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 98 explained in plain English
This is the last article of the Regulations, and it deals with publication and entry into force.
What is published?
- The Regulations themselves.
- The rules issued under them.
Where is it published? In the Official Gazette.
When does it take effect? From the date of publication of each. This phrase is important: the Regulations and each set of rules have their own effective date, which is the date of their publication, so rules issued later do not take effect from the date the Regulations were published, but from the date of their own publication.
This is connected to Article 97, which specifies the bodies that issue a number of rules: the rules on cross-border bankruptcy procedures, the rules for running meetings, the rules on procedures in bankruptcy cases, and the rules on fees of trustees and experts. These are among the rules issued under the Regulations, and each takes effect from the date of its publication in the Official Gazette.
In practice, this means that anyone who wants to know the rule that applies to a particular event needs to check the publication date of the relevant rules. The article does not state the date on which the Regulations themselves were published. Anyone with a question about the date a particular rule applies to 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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Frequently asked questions about Article 98 of the Saudi Implementing Regulations of the Bankruptcy Law
When do the Implementing Regulations of the Bankruptcy Law take effect?
From the date of their publication in the Official Gazette.
When do the rules issued under the Regulations apply?
Each takes effect from the date of its publication in the Official Gazette.
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 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
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.