القواعد الخاصة بالأعمال التجارية

Abstract EN

Commercial laws provide specific rules for business, distinguishing it from civil activities.

Experience has proved that the commercial environment is in need of such rules whichprovide two important advantagesthat business requires.

These are speed and credit support, i.e.

building up trust amongest business parties when obtaining dues or having term loans.

These rules are summarizedas follows: 1-Lawsuits arising from business fall underthe jurisdiction of the Commercial Courts; 2-rules of commercial bankruptcy apply on merchants who are involved in commercial debts; 3- strictness in grace period for commercial debtors;4-short aging for commercial lawsuits;5- solidarity amongest commercial debtors; 6- freedom to prove commercial obligation; 7-accelerated execution of commercial provisions;8- and notification of commercial debtors by all means.These rules were established by many foreign laws.

However, the Saudi Commercial and Judiciary Law has appliedonly some of these rules, and depending ontheir potential benefit, other rules will be consideredin the future.

This paper will address the provisions of these commercial rules and the issues thereof.