VOL. XXXII
NO. 39
3-JULY-1989
Financial and Banking News
REGIONAL BANKING
Saudi Arabia Permits Restraint Orders for Debt Settlement
The Saudi Arabian authorities took an important step in tightening the legalenvironment for commercial banking in the Kingdom with the approval by theCouncil of Ministers last week of regulations allowing detention and restrainingorders to be applied in commercial cases arising from the settlement of debts.The new rules for the first time allow practical coercive...
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