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Article Sixteen

No: 42039135 Date(g): 25/1/2021 | Date(h): 12/6/1442 Status: In-Force

Translated Document

Except for the cases outlined in Article (Thirteen) of these regulations and procedures, the lessor may directly approach the competent court to issue a judgment for the repossession of the asset. This also includes financing lease contracts concluded prior to the applicability of the Finance Leasing Law.