the following events: (1) the foreign entity is subject to the court’s receiving order or declared by the court as insolvent entity; or (2) the foreign entity is under a liquidation process for

have any of the following prohibited characteristics: (1) having deficiency in legal competence, for instance, being an insolvent person, incompetent or quasi-incompetent person; (2) having or plausibly

in Group 1: (1) being under receivership by court order or being a bankrupt; (2) being an incompetent or quasi-incompetent person; (3) [i] being accused by the SEC Office or being prosecuted as a

by court order or being a bankrupt; (2) being an incompetent or quasi-incompetent person; (3) those persons whom [i] being accused by the SEC Office or being prosecuted as a result of such accusation

or a bankrupt by court order or; (2) the business of the originator has been liquidated. Clause 7. In case of an offer for sale of an insured sukuk, the regulations prescribed under the Notification of

matters shall be deemed prohibited characteristics in Group 1: (1) being under receivership by court order or being a bankrupt; (2) being an incompetent or quasi-incompetent person; (3) those persons whom

being a bankrupt; (2) being an incompetent or quasi-incompetent person; (3) [i] being accused by the SEC Office or being prosecuted as a result of such accusation or [ii] having been imprisoned by the

becoming insolvent as a prerequisite. After a debtor has defaulted on credit obligations, he/she may submit a request to the court for proceeding with reorganization. This change provides a greater

subject to the court’s receiving order or declared by the court as insolvent entity; (2) the issuer is under a liquidation process for dissolution; (3) any other case approved by the SEC Office. Clause 32

competence, for instance, being an insolvent person, incompetent or quasi-incompetent person; (2) having or plausibly having any of the following behaviors. In this regard, the SEC Office would deliberate