Abstract
The debtor bankrupt actions are considered as one of the cases that might occur practically by the debtor bank to harm the creditors during the period of doubt. Accordingly, the importance of studying the obligatory invalidity for the debtor bankrupt actions is manifested by identifying its legal nature, objective, cases, and the consequences of the judiciary in Saudi law. Owing to the fact that bankruptcy law is new to Saudi commercial society as an independent law. Therefore, this study seeks to shed the lights on this topic to achieve the greatest possible benefit of law, particularly the obligatory invalidity of the debtor bankrupt actions. Any attempt in addressing the shortcomings and deficiencies by developing suggestions to revise them might contribute to legislative integration.
The study found that the obligatory invalidity of the debtor bankrupt actions as follows: the court shall judge on such actions in the event of the conditions stipulated by law are met and if any case is considered obligatory invalid by the regulator when the competent authority does not have a discretionary power of judgment on non-enforcement and invalidity. The court should when such conditions are met to respond to bankruptcy manager and to judge on the invalidity and non-enforcement of the action in facing the creditors' group.
The study concludes the importance of taking chapter III and chapter XV of the bankruptcy law in a manner that achieves legislative integration by eliminating the contradiction among the articles and their details, particularly among obligatory invalidity and permitted invalidity for the debtor bankrupt actions and developing regulated articles for the obligatory invalidity provisions, determining their cases, conditions, and implications in order to ensure the accessibility and adequacy of Saudi law otherwise than provided for the Egyptian law.