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Companies and bankruptcy provisions in the comparative Saudi system

Course Description: The course covers the provisions of commercial companies and bankruptcy procedures in the Kingdom of Saudi Arabia.

Credit hours: 3

Objectives of the course :

Introducing the student to the detailed provisions of commercial companies, whether partnerships or capital companies, according to the Companies Law of 1473 AH.
Define the student's bankruptcy procedures according to the Bankruptcy Law of 1439 AH.

Course outputs :

Knowledge and understanding:
1. The student knows the basic concepts and principles of commercial company law.
2. To know the bankruptcy procedures for distressed businesses.
The student classifies images of different commercial companies.
Skills:
1- To distinguish between types of companies and their characteristics
2. To determine the means of resolving company-related disputes
3. To distinguish between the debtor's bankruptcy and their insolvency
Values, autonomy and responsibility:
1- To adhere to Islamic values and professional ethics, and to participate in finding solutions to societal issues.
2. To take responsibility in individual and group work
3. To adhere to the values of loyalty and belonging to the homeland and its leadership.

Additional information:

Course Topics:
General Section:-
First: Company Law - Nature of a Company - Types of Companies - Forms of Companies in Saudi Law
Formal requirements for company invalidity – Theory of actual company
Legal personality of the company – consequences of the company acquiring legal personality Dissolution of companies – Liquidation and division. .
Partnership (Formation, Characteristics, Management, Dissolution)
Simple Recommendation Company (Its Formation, Characteristics, Management, Dissolution)
Partnership Company (Formation, Characteristics, Management, Dissolution).
Joint-stock company (Its financial instruments, their issuance, management, and supervision, its finances, and its dissolution)
Limited Liability Company (Establishment, Characteristics, Management, and Supervision, and Dissolution)
Types of Companies and Their Rulings in Islamic Jurisprudence (A Comparison Between Companies in Islamic Jurisprudence and Companies in Company Law)
Second: Bankruptcy: Concept of bankruptcy, its definition, characteristics, and general conditions for initiating bankruptcy proceedings
Preventive settlement of bankruptcy (definition, characteristics, opening procedures)
Financial Restructuring (definition, characteristics, opening procedures)
Filtering (Definition, Types, and Opening Procedures)
Special Section: In-depth study of one or more of the following topics: Financial instruments issued by joint-stock companies, single-member limited liability company, liability of directors and board members for damages to partners and third parties, the role of bankruptcy publicity in protecting parties dealing with commercial companies, pre-bankruptcy settlement.

Last updated: 2026-04-16