On Thursday 16/6/144 A.H., The Bankruptcy Commission participated in the Executive Committee for Improving Business Performance in Private Sector’s (Tayseer) discussion panel in the Eastern Province’s Chamber of Commerce. The panel covered the most important reforms and accomplishments of Tayseer’s subcommittees that serve investors in Saudi Arabia. Since the Bankruptcy Law and its Implementing Regulations were issued pursuant to Royal Decree number (M/50) dated 28/05/1439 A.H. and the Counsel of Minister’s decision number (622) dated 24/12/1439 A.H, the Bankruptcy Commission worked on a number of initiatives that improve the business environment in Saudi Arabia including settling Bankruptcy issues.
It is worth mentioning that the Bankruptcy Commission works alongside its partners in the Ministry of Justice and Tayseer to implement bankruptcy settlement initiatives, which contributes to the implementation of the objectives of the Bankruptcy Law.
At the end of the discussion, the Commission’s representative answered questions and inquiries from attendants.