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United Arab Emirates > Legal Developments > Law firm and leading lawyer rankings

Editorial

Commercial Rules for Bankruptcy in the Kingdom of Saudi Arabia

May 2009 - Finance. Legal Developments by Al Tamimi & Company.

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The laws on bankruptcy in Saudi Arabia are not extensive nor has their application been well tested. Saudi law dealing with bankruptcy is not very detailed and in broad terms it is left to the parties to make an agreement with each other or Shari'ah principles are applied and the relevant court will decide the matter.

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