إجراءات تسييل الضمان المصرفي

Based on the Ministerial Resolution No (218) of 2001 on the Bank Guarantees, the Article (11) giving the rights to deduct from the bank guarantee in certain conditions;

1- To cover the expenses of labour travelling back to his country.

2- Any amount that the employer agreed in favour of the employee.

3- Against the court judgments to pay the labours dues.

Regarding the process of liquidating the bank guarantee, it will be through the execution judge after opening an execution file.

Regarding the time to liquidate the bank guarantee, it will depend on the judge and the Execution Department in the court.