<The Higher Authorities have approved amendments to the work mechanism of the Real Estate Contributions Committee (RECC) in order to speed up the resolution of these cases. The amendments included that the Committee shall take all legal and statutory measures, including those that contribute to preserving the rights of shareholders and restoring them in the most appropriate ways, whether selling the contribution directly according to its current value, selling it through public auction, waiting for the approval of the contribution plan, or continuing to carry out development work according to the status of each contribution, and may file lawsuits before judicial and quasi-judicial authorities at all levels, in accordance with what the Committee deems to achieve the interest of shareholders.
The person in whose case a decision was issued by the Committee may object to it before the competent court in the Board of Grievances within a period not exceeding sixty days from the date of notification to him of the committee's decision to object to the committee's decision.
The person in whose case a decision was issued by the Committee may object to it before the competent court in the Board of Grievances within a period not exceeding sixty days from the date of notification to him of the committee's decision to object to the committee's decision.







