Financial Restructuring and Bankruptcy Law

Article 284 — Article (284) Prohibition from Management or Practice of Business

Part Seven · Chapter One: Crimes, Penalties and Rehabilitation

When a court renders conviction judgment on the crimes stipulated in Articles (278, 279, and 280) of this Law, the court may order that the convict be prohibited from managing any company or practicing any business, for a period not exceeding (3) three years from the date of the end of the bankruptcy proceeding. The name of the convict and the penalty imposed thereon shall be registered in the commercial or professional register, as the case may be, and if recorded, the penalty imposed thereon shall be annotated.

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