Saudi Arabia

September 18, 2019 - September 19, 2019

Saudi Arabia: PPP Workshop

September 18, 2019 - September 19, 2019
July 22, 2019 - July 26, 2019

Kuwait and Saudi Arabia: CLDP to Conduct Judicial Training on Bankruptcy

On July 22-26, 2019, CLDP will conduct judicial capacity building programming in New York, NY, for a 15-person delegation from Kuwait and Saudi Arabia. Participant judges will visit federal and New York state courts to view live commercial proceedings and learn best practices in adjudicating complex commercial transactions such as bankruptcy. The delegation will also meet with stakeholders in commercial disputes such as U.S. bankruptcy judges, lawyers for bankruptcy litigants, U.S. trustees, and claims agents. Participants will learn the judge’s role in referring commercial cases to alternative means of dispute resolution such as arbitration and mediation. In recent years, Kuwait and Saudi Arabia have developed new commercial laws including insolvency laws to prepare themselves for transformation to knowledge-based economies that attract foreign investment and encourage innovation and entrepreneurship. For new commercial laws to be implemented effectively and protect U.S. investments in Kuwait and Saudi Arabia, judges from these countries will need to prepare for complex commercial litigation such as bankruptcy.

June 25, 2019 - June 27, 2019

MENA: Regional Alternative Dispute Resolution Conference

On June 25-27, 2019, CLDP organized a regional conference on mediation in Tunis, Tunisia, bringing together more than 110 participants from the justice sectors of Morocco, Saudi Arabia, Bahrain, Iraq, Kuwait, and Algeria. The conference focused on the use of mediation to resolve commercial disputes with sessions facilitated by subject-matter experts from the UN Commission on International Trade Law, the International Chamber of Commerce, JAMS Mediation, Arbitration and ADR Services, and current and former U.S. judges. Topics included the role of courts in encouraging mediation, the legal framework supporting mediation, enforcement of mediated settlements, mediation rules and practices, and standards for the conduct of mediators. Additionally, each delegation presented on recent developments in mediation in their countries: Tunisia, Saudi Arabia, and Bahrain are considering adopting new mediation statutes. CLDP hopes that this program will lead to increased recourse to mediation as a tool to resolve contractual disputes and ultimately contribute to a more attractive legal environment for cross-border business in the region.

May 14, 2019 - May 16, 2019

Saudi Arabia: CLDP Brokers Relationship between City of Denver and KSA NCP

From May 14-16, CLDP facilitated discussions between the Saudi Arabia National Center for Privatization and Public Private Partnership (NCP) and potential U.S. partners during the annual meeting of the U.S. National Center for Public Private Partnership (NCPPP) in Denver, CO. NCP estimates that the Kingdom of Saudi Arabia (KSA) will soon initiate PPPs totaling more than $50 billion, for which they are seeking partners from the U.S. private sector. Initial NCP PPP opportunities for U.S. partners include infrastructure, such as railway development, as well as healthcare and utilities. CLDP and the Foreign Commercial Service plan to prepare follow-on programming in the U.S. and Riyadh to facilitate consultations between KSA and U.S. entities for KSA PPP opportunities.

April 28, 2019 - April 29, 2019

Saudi Arabia: CLDP Partners with Saudi Bankruptcy Commission in First Bankruptcy Conference

On April 29-30, CLDP supported Saudi Arabia’s launch of its new bankruptcy law, which was headlined by the Saudi Minister of Commerce and Investment. The conference included over 800 lawyers, judges, and accountants from across the country. Prior to the passing of the new law, bankruptcy had presented a significant legal risk for U.S. companies and investors doing business in Saudi Arabia as the legal framework lacked transparency and predictability for creditors interested in investing in Saudi companies.

April 7, 2019 - April 9, 2019

Saudi Arabia: CLDP partners with Saudi’s Arbitration Center to launch the 1st globally known Arabic Arbitration Moot

On April 7-9, 2019, CLDP, in cooperation with the Saudi Center for Commercial Arbitration (SCCA), will participate in a three day launch program in Riyadh, Jeddah, and Dammam, Saudi Arabia to promote the 1st Arabic Commercial Arbitration Moot. CLDP, alongside SCCA, will gather with Saudi judges, lawyers, officials, law school faculty and students to discuss the benefits of the Arabic Moot and describe the process of enrolling and competing.  Once universities teams have been enrolled, CLDP will support the SCCA in training arbitrators, university faculty and students. 

In an effort to advance the use of international arbitration instruments, CLDP, alongside its regional partners, developed an annual English language Middle East Pre-Moot program that has supported the participation of key countries in the Wilhelm C. International Commercial Arbitration Vis Moot, an UNCITRAL education tool used to encourage the use of the CISG, the NY convention, and other key arbitration rules (i.e. UNCITRAL Model Rules).  CLDP's Vis Pre-Moot has drawn global attention and is sponsored by the ICC and UNCITRAL.  The SCCA is keen to expand the impact of CLDP's Vis Pre-Moot to non-English speaking arbitration practitioners and is working with CLDP and other resource partners to pilot the Arabic Moot.

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 10, 2019 - March 12, 2019

Saudi Arabia: CLDP Conducts PPP Assessment

On March 10-14, in Riyadh, CLDP met with stakeholders in the new public private partnership (PPP) legal regime in Saudi Arabia. CLDP met with the Saudi Arabia General Investment Authority (SAGIA), the National Center for Privatization and Public Private Partnerships (NCP), local attorneys representing U.S. companies bidding for PPP projects, and sector-specific government committees for the establishment of PPPs. This year the NCP published a draft privatization and PPP law for Saudi Arabia emphasizing international commercial law principles of PPP for which CLDP provided initial guidance. Once the law is finalized, CLDP has agreed to assist SAGIA and the NCP in the development of PPP regulations. During the assessment, CLDP identified the need for regulatory development and capacity building for fair opportunity and treatment of private sector companies bidding for PPPs in Saudi Arabia. CLDP plans to provide PPP capacity building programs for NCP, SAGIA and other ministry committees regarding the efficient and effective implementation of the new PPP law. With an effective PPP legal regime in Saudi Arabia, U.S. companies will have many large-scale opportunities to provide services to ministries as the country privatizes and partners with the private sector to develop government services that will reach the goals set forth in the Saudi Arabia Vision 2030.

March 10, 2019 - March 11, 2019

Saudi Arabia: CLDP Trains Saudi Bankruptcy Commission

On March 11-12, CLDP conducted training in international best practices of bankruptcy for policy-makers and trustees in the newly-established Saudi Bankruptcy Commission (SBC) in Riyadh, Saudi Arabia. The acting U.S. Trustee for Region 3 (which includes Delaware, New Jersey, and Pennsylvania) and the Acting U.S. Trustee for Region 4 (which includes Maryland, South Carolina, Virginia, West Virginia and the District of Columbia) presented on the trustee's role and U.S. best practices in bankruptcy. SBC leaders also presented on the role of the trustee in Saudi Arabia's nascent bankruptcy regime. In addition to the role of the trustee, topics included managing the relationship between judges and trustees, restructuring, and liquidation. Points of discussion also included selection and training of trustees and professional responsibility. An effective bankruptcy legal regime in Saudi Arabia will provide protections for U.S. companies operating in the region and increase the security of investments in Saudi Arabia.