The intermediary in explaining the Saudi insolvency system by Dr. Ahmed Abdulrahman Al-Majali

The Mediator in Explaining the Saudi Bankruptcy System Supported by the Latest Judicial Rulings Professor Dr. / Ahmed Abdulrahman Al-Majali First Edition: 1447 AH – 2025 AD Number of pages: 680 pages Summary This book covers the explanation of all rulings related to the Saudi bankruptcy system, explaining the seven bankruptcy procedures: preventive settlement procedure, preventive settlement for small debtors, financial reorganization, financial reorganization for small debtors, liquidation, liquidation for small debtors, and administrative liquidation. It also compares them with similar procedures outlined in other regulations: insolvency, and voluntary liquidation according to the Companies Law. The book explains the rules of cross-border bankruptcy, the provisions for restoring reputation, and the jurisdiction of the Bankruptcy Court, which the organizer expanded by granting it jurisdiction to resolve all disputes related to the bankruptcy system as an original jurisdiction. It also granted it some powers of the Criminal Court to hear crimes and violations stipulated in the bankruptcy system, and some powers of the Administrative Court, making it exceptionally competent to hear certain administrative appeals, especially those related to decisions of the competent authority. The book details the persons subject to the bankruptcy system, specifying the conditions required for natural and legal persons to be subject to it. It emphasizes that the organizer did not subject natural persons to the bankruptcy system because of their status as traders, but because of their practices of commercial or professional activities aimed at making a profit. Not every trader is necessarily subject to the bankruptcy system, and this is a feature of the Saudi bankruptcy system.