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Article Sixteen

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

Effective from 2021-01-25 - Jan 24 2021
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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 lease financing contracts concluded prior to the enactment of the leasing regulations.