Article 106 of the Saudi Bankruptcy Law

المادة 106 من نظام الإفلاس · الفصل الخامس: إجراء التصفية: بيع الأصول

Official text (Arabic)

This article has not been amended since the law was issued.

على الأمين عند عزمه بيع أصل تتجاوز قيمته ربع قيمة أصول التفليسة، دعوة الدائنين إلى التصويت وفقاً لحكم المادة (الثامنة بعد المائة) من النظام أو إبلاغ لجنة الدائنين -إن وجدت- للنظر في الموافقة على البيع، وتزويدهم بأي معلومة لازمة لدراسة جدوى العروض المقدمة لشرائه، على أن يكون ذلك خلال مدة معقولة.

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

Explanation (Arabic)

The plain-language explanation of this article is currently available in Arabic only. An English translation is on the way.

Commercial & 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

See all lawyers

Articles this article refers to

More articles on Liquidation of the Debtor's Assets

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.