المملكة: Justice: Transfer of liquidation to "Attribution" Immediate freezing of the accounts of the deceased – urgent

SubtractedThe Ministry of Justice has implemented a detailed project to amend the regulations for dividing joint funds, aiming to bring about a qualitative shift in the speed of liquidation of estates and assets by transferring liquidation powers from the courts to "Support and filtering center"With the adoption of strict controls to freeze the accounts of inheritors immediately after death and protect the rights of minors, within the framework of harmonization The justice system with the new civil transactions system.

The new project, which was launched through the “Estalaa” platform, strategically aims to reduce the historical burden on the courts, by consolidating the role of the “Support and Liquidation Center” as an executive arm that undertakes the tasks of selling and liquidation, ensuring the end of complex financial disputes with high flexibility and without prejudice to regulatory guarantees.

The proposed draft stipulated the obligation to immediately freeze all financial transactions related to the inheritor or deceased partner, including bank accounts, investment portfolios, and accounts in official applications, to ensure that the assets are not tampered with before the division is completed.

The Ministry linked the division procedures to the path of comprehensive digital transformation, as the processes will be integrated with the “estate division” platform and other judicial systems, which will facilitate the beneficiaries’ access to their data and accelerate the pace of completion away from bureaucracy. Paper documents.

The regulations made it clear that the request for division is considered an executive order to allocate and deliver shares, obligating the partners or those in possession of the funds to disclose all the data necessary to inventory the estate within a period not exceeding 10 days from the date of notification.

The amendments included a wide range of assets, as the provisions apply to funds registered with legal documents, as well as unregistered funds that are in the hands of the partners on the condition that there is no dispute over their ownership, which It closes the door to jurisprudence that may disrupt rights.

The regulations specified two main paths for division to ensure flexibility. The first is «” which gives the partners the freedom to distribute assets by mutual consent at any stage, provided that the agreement is documented and the shares of the categories under care, such as minors and endowments, are protected.

The second path is represented by “judicial division”, which the department resorts to when agreement is not possible, and it includes the in-kind division of divisible assets, or the sale by public auction of assets that cannot be divided, according to fair evaluation mechanisms that allow the partners to pre-emption and purchase.

And it was granted Amendments: The “liquidator” has broad powers as a representative of the partners, as he is responsible for inventorying debts, paying obligations, and valuing assets through accredited evaluators, while granting him the right to sell assets internationally if the interest of the liquidation so requires.

The Ministry has set strict controls for the work of the liquidator to ensure transparency, as the support center has the right to dismiss him in the event of a breach of his duties. It also guarantees the partners the right to object to the liquidation work before the relevant department within 30 days from the date of Procedure.

The new texts emphasized the privacy of dealing with the shares of absentees, missing persons, and those in their like, setting a fence of legal protection to ensure that their rights are not infringed during sales or distribution operations, in order to avoid any future disputes that may arise when they appear.