Saudi Arabia: Enforcement Courts Will Start Allocating Judicial Liquidations to Infath
Saudi Arabia’s Enforcement Courts will start allocating judicial liquidations exclusively to the Entrustment and Liquidation Centre. It follows the signing of an agreement between the Justice Ministry and infath. It identifies the scope of activities to be covered and provides the necessary governance and accountability measures for fulfilling rights in a timely way. infath will be able to commission qualified and licensed private sector companies to participate competitively in the Liquidation Activities under the Centre’s supervision. Interested parties in in local and international licensed companies in chartered accounting, law and legal services, evaluation, engineering advisory, judicial custody, property management, treasury, marketing and sales companies can register at infath.sa. Infath will then evaluate and assign each case to suitable service providers based on their experience and the nature of the asset.
