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  • Chapter Three Violations and Disputes

    • Article 24

      The competent court shall resolve disputes arising from application of the provisions of this Law and its Regulations and shall impose penalties provided for in this Law.

    • Article 25

      1.In case of failure to hand over the fixed leased assets in any of the events specified in this Law, the lessor may request the competent court to issue a ruling to this effect. The court shall decide on such request within a maximum period of 30 days from the date of filing the request.
       
      2.Pursuant to the provisions of this Law, the lessor may repossess movable assets from the lessee in the events where such right of repossession is stipulated in the contract between the two parties. Repossession shall be overseen by specialized firms licensed by the Ministry of Justice in accordance with the Enforcement Law.
       

    • Article 26

      Without prejudice to any severer penalties provided for in another law, any person who conceals the information affixed to the leased asset, alters the marks of the leased asset or the specifications thereof as recorded in the relevant registry, or sells or pledges the leased asset without the written consent of the lessor shall be penalized, depending on the gravity of the violation, with a fine not exceeding one-fourth the value of the leased asset, or imprisonment for a period not exceeding three months, or both.