Powers and functions of the Bankruptcy commission in Saudi law

This research presents a comprehensive analysis of the regulatory framework governing the powers of the Bankruptcy Commission in the Kingdom of Saudi Arabia, as the central regulatory authority responsible for enforcing the provisions of the Bankruptcy Law issued by Royal Decree No. (M/50) in 1439H. The study focuses on outlining the Commission’s responsibilities under the Law and its Executive Regulations, including the organization of bankruptcy procedures, supervision of licensed practitioners, and management of related records—most notably the Bankruptcy Register and the Sanctions Register. Additionally, the Commission’s jurisdiction includes setting the minimum debt threshold for initiating liquidation procedures and defining criteria for small debtors, as well as its vital role in administrative liquidation. The research also discusses the nature of the Commission, its formation process, financial resources, procedural rules, and the legal and procedural impact of its powers on the business environment and procedural justice. The researcher employed a textual analysis of relevant legal provisions, supported by comparative study based on similar administrative practices. The findings highlight the effectiveness of the Commission’s competencies in enhancing regulatory transparency. The study recommends expanding the Commission’s oversight authority over bankruptcy trustees and developing disclosure tools within records related to bankruptcy procedures.