Negotiable Instruments and Bankruptcy – Secured loan in Saudi Arabia
Project description
You are requested to inform your client whether it is possible to secure a debt in Saudi Arabia; if yes, how it can be done; are there any limitations or specific rules.
a. In particular, you need to mention whether a suretyship could be an option and if yes, who may act as guarantor.
b. you need to elaborate whether a lien could be an option and if yes, what property may serve as collateral, what is the procedure to attach or perfect a lien and what is the procedure to enforce it, in case the debtor had failed to pay on the due date.
Your answer has to be based only on Saudi law currently in force and contain all the necessary references to the articles of the law. Do not copy the text of the law itself, instead provide an analysis.
Your answer must be well structured, consistently formatted and include relevant headings
plz just use the file that i attached