Business, Management and Accounting
3 years ago

Saudi Arabia's new Bankruptcy Law revolutionizes insolvency regime for businesses.

1 view
PSU Research Review
The bankruptcy law of Saudi Arabia: policy, operation and comparison
Fahad Alarifi

Paper Summary

The new Bankruptcy Law in Saudi Arabia is analyzed in this paper, comparing it to the US Bankruptcy code. The KSA Bankruptcy Law is seen as a significant improvement to the Kingdom's insolvency system, providing a more modern and reliable bankruptcy process. The law has successfully achieved its policy goals by offering an effective and predictable bankruptcy system.

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