Commerce

April 4, 2019 - April 6, 2019

Iraq: CLDP facilitates strategic investment planning for provincial investment commissions for the Southern Governorates of Iraq

On April 4-6, CLDP led a delegation of investment commissioners from Iraq’s key southern governorates to participate in the FDI conference hosted by the World Association of Investment Promotion Agencies (WAIPA).  The conference provided attendees with the necessary resources on investment promotion and investment market trends.  Moreover, the conference provided a unique opportunity for Iraq, a current WAIPA member, to network with other promotion agency officials from similar economies, and share lessons learned, as well as, success stories.  On the margins of the workshop, CLDP, guided the delegation and conducted consultations on their respective investment plans and priorities.

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April 1, 2019 - April 2, 2019

MENA: CLDP Facilitates Participation in INSOL 13th Annual Judicial Colloquium

On April 1-2, in Singapore, CLDP, in coordination with INSOL International (International Association of Restructuring, Insolvency and Bankruptcy Professionals), supported the participation of judges from Bahrain, Kuwait, Saudi Arabia and Tunisia in the 13th INSOL Judicial Colloquium. INSOL International is a global federation of associations including lawyers, judges and accountants that aims to increase international cooperation and communication in the insolvency profession. The INSOL Judicial Colloquium is the only global venue for judges from around the world to share best practices in restructuring and liquidation procedures. This year is the first time that these four countries have participated in the Colloquium and CLDP plans to leverage INSOL’s extensive network and resources, such as its World Bank-funded Judicial Training College, to support its ongoing programming with MENA judges. The Colloquium provided the MENA judges with the opportunity to apply modern bankruptcy principles to hypothetical case studies and to receive practical guidance from senior judges from more advanced bankruptcy jurisdictions. CLDP plans to develop joint programs with INSOL over the next two years to expand its judicial training activities.

March 31, 2019 - April 3, 2019

MENA: CLDP Trains Judges to Effectively Implement New Bankruptcy Laws

On March 31 and April 3, in Singapore, CLDP organized trainings for judges from Bahrain, Kuwait, Saudi Arabia, and Tunisia on the role of courts in managing restructuring and liquidation procedures. The trainings focused specifically on court administration, cross-border judicial cooperation and ensuring compliance with bankruptcy procedures. Since 2016, Bahrain, Saudi Arabia and Tunisia have passed new bankruptcy laws, which all include modern restructuring mechanisms. In Bahrain and Saudi Arabia, prior to the enactment of these laws, bankruptcy was synonymous with liquidation and courts were not used as a venue to rescue companies or to prevent their failure. CLDP assisted in developing these new statutes and is now conducting a multi-phase program focused on the implementation of these mechanisms, with a specific concentration on judicial capacity building. The trainings in Singapore this week have been led by senior U.S. bankruptcy judges from the Southern District of New York. Trainings also included presentations by World Bank and private sector experts on the impact of restructurings and judicial decision-making on the credit market and the larger economic outlook of a country. The trainings emphasized the importance of transparency, consistency and predictability in the management of bankruptcies to maximize value and build confidence in the bankruptcy process.

March 25, 2019 - March 26, 2019

Ethiopia: PPP Fundamentals

Details coming soon.

March 19, 2019 - March 20, 2019

Bahrain: CLDP Leads Roundtables on New Commercial Laws

On March 19-20, 2019, CLDP led two separate panels on new commercial laws recently passed in Bahrain. Participants at the roundtables included members of the Bahrain Businesswomen Society and the American Chamber of Commerce. Speakers included discussions on new laws that have received CLDP technical assistance, including a new initiative on government tendering in cooperation with the Bahrain Ministry of Industry, Commerce and Tourism (MOICT) to promote set-aside programs for small-and medium size enterprises (SMEs). Such programs could potentially “set aside” a percentage of public contracts to benefit SMEs.   Additionally, for the panel held for the Bahrain Businesswomen Society, where more than 40 women-led companies participated, the discussion focused on various commercial laws that will benefit small companies and women-owned businesses, such as the new bankruptcy law, electronic transactions law, as well as the SME export center. In drafting the SME law, the MOICT has considered incorporating many of the recommendations made by CLDP, including creating a small business oversight body and technical assistance procurement center for SMEs to strengthen the government procurement system in Bahrain. U.S. Ambassador Justin Siberell and Deputy Chief of Mission Aimee Cutrona attended the opening of the event to highlight the importance of joint U.S.-Bahrain cooperation and to acknowledge CLDP efforts on promoting modern commercial laws in Bahrain.

March 18, 2019 - March 19, 2019

Northern Triangle: CLDP Conducts Workshop on Public Consultation

On March 18-19, in collaboration with ITA, CBP, and USDA, CLDP conducted a trade facilitation workshop on best practices in public consultation for more than 60 government officials and private sector representatives in Tegucigalpa, Honduras.

March 18, 2019

Bahrain: CLDP Releases Legislative Guide to Parliament

On March 18, 2019, in Manama, Bahrain, U.S. Ambassador Justin Siberell, the First Deputy Speaker of the Bahrain Parliament, and CLDP announced the release of a guide on commercial legislative research. The guide is intended to act as a resource tool for the legal advisors, researchers, and parliament training center staff to promote better institutional understanding and best practices on researching and writing legal memos for Bahrain’s parliament. For the past two years, CLDP has provided technical assistance to the Parliament of Bahrain on a variety of economic and trade-related topics. The guide represents a compilation of those topics, including how to study the economic impact of legislation, trade and value-add tax legislation, and best practices in drafting legislative memos. The guide also serves as a resource tool and links users with online tools such as the model laws available from the World Trade Organization and UN Commission on International Trade Law. The Parliament of Bahrain greeted the release of the guide with enthusiastic support, as several new Members of Parliament and legal staff attended local media covered the event.

March 13, 2019 - March 14, 2019

Qatar: CLDP Leads Assessment of Capacity Building Needs in Public/Private Partnerships

On March 13-14, 2019, in Doha, Qatar, CLDP conducted an assessment of training and capacity-building needs in the area of public private partnerships (PPP). In coordination with DOC commercial specialists and a Department of State political-economic officer, CLDP met with officials from the Ministry of Commerce and Industry (MOCI), the Ministry of Public Health, and the Public Works Authority to assess needs and to determine receptivity to PPP workshops and other capacity building. Discussions included the status of the draft PPP law, the creation of a PPP unit at MOCI consisting of legal and regulatory, planning and feasibility, and project administration groups, and planned PPPs in the schools and hospitals sectors.

March 11, 2019

Iraq: CLDP Leads Franchising Conference in Baghdad

On Monday, March 11, 2019, in Baghdad, Iraq, at the behest of the U.S. Consulate General in Basrah, CLDP led a conference on franchising at the headquarters of the Iraqi agency in charge of foreign investment, the National Investment Committee (NIC). The purpose of the conference was to highlight the success already achieved by CLDP in terms of franchising by U.S. firms, particularly in the Baghdad and Basrah provinces, so that the audience, composed of Iraqi firms from other provinces, could understand how to become franchisees of U.S. firms. Iraqi media covered the seminar extensively, quoting U.S. Consul General Timmy Davis on his comments regarding business partnerships and starting new franchises. The NIC noted that companies like Burger King, McDonalds, Pizza Hut, and Domino’s are interested in entering the Iraqi market in Kurdistan and the Southern provinces. Franchise agreements between U.S. franchisors and Iraqi franchisees benefit both groups, granting franchisors access to the Iraqi market and creating revenue and opportunities for management experience for franchisees. For the last five years, CLDP, working in close cooperation with FCS, has created opportunities for Iraqi firms interested in becoming franchisees and built the capacity of these Iraqi firms to enter into durable franchising agreements with U.S. franchisors.