Royal Decree (M/16) for the year 1416 AH

Type:	Royal Decree
Date:	1416-09-04
Document Number:	16
Summary:	By AI In the session of the Council of Ministers dated 2/6/61 AH, the project of the Law on Preventive Settlement from Bankruptcy was reviewed. The council examined the letter from the Minister of Commerce and the opinion of the Shura Council, which approved the project. After discussion, the council decided to approve the law in its attached form, and a draft royal decree was prepared for its implementation, emphasizing the importance of its application by the relevant authorities.

Type:

Royal Decree

Date:

1416-09-04

Document Number:

16

Summary:

By AI

In the session of the Council of Ministers dated 2/6/61 AH, the project of the Law on Preventive Settlement from Bankruptcy was reviewed. The council examined the letter from the Minister of Commerce and the opinion of the Shura Council, which approved the project. After discussion, the council decided to approve the law in its attached form, and a draft royal decree was prepared for its implementation, emphasizing the importance of its application by the relevant authorities.