المدونة

The concept of corporate transformation in the new corporate system is changing the system that governs the company, whether it is accompanied by changing its form or not. A new legal capacity, and the company retains its rights and is responsible for its pre-transformation obligations

The development and diversity of crimes is always related to all the changes and developments in people’s lives in social, economic, and political relations and interactions, as the means of crime within the scope of commercial companies have taken on new dimensions and forms that may not be subject to criminalization according to the provisions of traditional penal laws. Drafting rules and legal texts regulating the framework of these commercial companies, whether in the administrative organization or the procedures to be followed in the establishment stage

What are closed joint stock companies in Saudi Arabia according to the new corporate system? Joint stock companies are divided into public joint stock companies and closed joint stock companies, as they are considered among the most important types of financial companies, and their capital is at least 500,000 riyals divided into shares of equal value and tradable, and the company is solely responsible for the debts and obligations incurred. to carry out its activities

The new Saudi corporate system was accurate and compatible with the transformations and development that our country is witnessing, and it addressed many of the shortcomings in the previous system, and was distinguished from its predecessor by flexibility and freedom from some exaggerated formal restrictions. Social

Comparison between the powers and procedures for holding ordinary and extraordinary general assemblies in companies in the Kingdom of Saudi Arabia.

The Saudi legislator defined in Article Two of the Anti-Commercial Fraud Law that it is the attempt to deceive consumers and market pioneers by offering fraudulent products. Commercial fraud takes place in any of the following forms:

Debt settlement or debt reduction is a payment plan agreement concluded by the debt collector to accept an amount from the debtor less than the originally claimed balance, either in the form of a full payment or scheduled partial payments, meaning that debt settlement is by modifying the payment method and replacing old debts with new debts so that it includes This adjustment is the value of debts, their maturity date, their value and the maturity date together, as it depends on the skill of negotiation as a basic skill to complete this process.

The reasons for resorting to the administrative liquidation procedure according to the bankruptcy system are among the points stressed by the Saudi legislator and put for them many interpretations and articles regulating them, as the bankruptcy system in all its aspects is characterized by a kind of complexity. together.

It is an agreement that is concluded by a legal contract that contains a set of clauses that clarify the contractual relationship between the owner of the online store and customers of rights, duties, obligations and how to use the store and benefit from it, as it works to organize the work inside the store or website. The store owner provides services to his customers provided that these customers adhere to the rules The terms included in the terms and conditions agreement for this store and even if they do not read this agreement are binding on them in any legal dispute.

The reasons for resorting to the liquidation procedure according to the bankruptcy system are one of the most searched by people on the Internet, because in the Kingdom of Saudi Arabia, in the old days, there was no known bankruptcy system and also there were no chapters, laws and articles of it in the law, but Because of the development that the Arab world, and also Saudi Arabia, knew in the legal aspect, it was necessary to introduce it to keep pace with the rapid development of life, and also because of the increase in various conflicts between merchants, which led to some kind of chaos in the commercial center, and therefore it was necessary to put the so-called bankruptcy system in order to protect merchants And also the rights of creditors, so what is meant by the liquidation system according to the bankruptcy system in Saudi law, when it is resorted to.

Brokerage contracts are written contracts whereby a person called the broker or broker pledges to another person called the customer to search for him for a second party to conclude a specific contract and mediate in its conclusion in return for a fee.

What are the cases of resorting to the financial reorganization procedure? The financial reorganization procedure is one of the procedures that the legislator has recognized the merchant’s right to resort to in some cases or some difficulties that his commercial activity may encounter, and in the following paragraph we will refer in detail to the most prominent cases of resorting to financial reorganization to protect against the occurrence of liquidation.