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RECOVERY-ADVISERS-SAUDI-ARABIA-LAW
New Saudi Commercial Courts Regulations to boost recovery options in KSA
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사우디 내 회수 방안을 강화하기 위한 사우디 상사 법원 규정 2020년 4월 15일 발효된 사우디 상사법원 규정은 사우디가 상사사건을 처리함에 있어 상사 분쟁 환경을 현대화 하고 집행 명령등을 도입하여 판결을 빨리 받아볼 수 있는 절차를 도입하는 등 국제 관행에 합치하도록...
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Notable Points in the Recovery Process – Saudi Arabia
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Formal requirements There are some formal requirements which the claimant needs to fulfill before filing a claim: The claimant’s legal representative must obtain super-legalized Power of Attorney (PoA) which delegates them to commence legal action in front of the Saudi...
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Practical tips for managing claims and recoveries in Saudi Arabia under new CCR
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KSA Recovery Reference Statutes of Limitations Commercial Claims: 5 years from cause of claim. Enforcement of bills of exchange / promissory notes: 3 years form maturity date. Int. Commercial Arbitration Member of 1958 NY Convention: Yes. Dedicated arbitration law: Yes...
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Country Risk Profile for KSA
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Provided by CountryRisk.io Saudi Arabia is in a strong position to mitigate the adverse impacts of the COVID-19 pandemic and the subsequent repercussions, due to numerous factors. Predominantly, the government balance sheet, recording just 22.8% of government debt to GDP...
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