The Saudi Arabian Bankruptcy Law complies with the best international practices and gives Saudi Arabia a legal infrastructure to deal efficiently with companies that get into financial difficulties, paving the way to achieving financial stability while simultaneously benefiting both creditors and debtors. The article discusses preventative settlement, financial reorganization and restructuring, liquidation process, as well as preventative settlement and financial reorganization for small debtors. Dario Najm explains administrative liquidation, financing, ranking of debts, penalties and the implications of the Bankruptcy Law on Saudi Arabia's market. Read full article here.
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