Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

AHAB appeals as Saudi court rejects protective settlement

By Benjamin Clarke

14 February 2019

AHAB appeals as Saudi court rejects protective settlement Mosque in Dammam, Saudi Arabia / iStock.com/trait2lumiere

Saudi conglomerate Ahmad Hamad Algosaibi and Brothers has appealed against a Saudi court’s decision to reject its petition for protective settlement – the first such petition under the new Saudi Arabian bankruptcy law