MEPI-Funded CLDP Engagement Results in New Insolvency Laws in Bahrain and Saudi Arabia

The Department of Commerce’s Commercial Law Development Program (CLDP), which provides direct government-to-government technical assistance worked with legislative drafters, judges, and private sector stakeholders to deliver updated insolvency laws that will reduce the rate of business failure in Bahrain and Saudi Arabia. The passage of the laws earlier this year is a major achievement for ...
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Insolvency Reform On Track in Bahrain

One of the principal insolvency law drafters at Bahrain’s Ministry of Industry, Commerce and Tourism (MOICT) and a member of the Bahraini Parliament’s Finance Committee, discussed Bahrain’s draft law with CLDP.  The officials confirmed that the draft insolvency law, which was recently approved by the Bahraini Cabinet, introduces a reorganization process for failing businesses and ...
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CLDP Promotes Commercial Legal Reforms in Bahrain

In Bahrain, CLDP has worked closely with government officials and stakeholders to promote commercial legal reforms and address key areas of economic development through public and private sector input. Following a CLDP-sponsored program in Singapore on March 14-17, 2017, the Ministry of Industry and Commerce (MOIC) presented a framework of the Bahraini draft insolvency law ...
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