Preventive Settlement, Financial Restructuring, and Bankruptcy​

Bankruptcy is no longer just a state of inability to meet debts; it has become an integrated statutory procedure that organizes the relationship between debtor and creditor. It allows for the restructuring of financial obligations or an organized exit from the commercial market within a framework of strict controls and legal guarantees. The Saudi Bankruptcy Law and its Executive Regulations have established a precise legislative framework that solidifies the protection of rights, balances conflicting interests, and enhances the continuity of distressed economic entities.

Key Bankruptcy Services :

1- Providing full legal support for protective settlement procedures, financial restructuring, and liquidation according to the Saudi Bankruptcy Law.
2- Preparing and filing applications to open bankruptcy proceedings and preparing proposals and statutory documents before the competent Commercial Court.
3- Representing the debtor or creditor before trustees and courts, and following up on procedures until final judgments are issued.
4- Participating in drafting restructuring plans, negotiating with creditors, and providing legal support in organized exit negotiations.
5- Providing legal consultations related to bankruptcy cases and the personal liability of directors and shareholders during bankruptcy stages and their consequences.