MENA: CLDP Organizes Regional Insolvency Conference

September 27, 2018 - September 28, 2018

On September 27-28, in Casablanca, Morocco, CLDP organized a regional conference on insolvency for 75 participants from the MENA region. In recent years, Morocco, Tunisia, Saudi Arabia, and Bahrain have passed new insolvency laws that are in line with international best practices, and Kuwait is in the process of drafting a similar law. These laws allow for civil protection from creditors and for the restructuring of companies in financial peril, but success in transforming the insolvency practices in these countries will depend upon proper implementation of the new laws. For that reason, CLDP organized a regional conference for judges, lawyers, trustees, and other stakeholders from each of these 5 countries to come together to hear best practices and practical examples from the U.S. and to share experiences. CLDP expert advisors, including two U.S. federal bankruptcy judges and an insolvency expert from the UN Commission on International Trade Law spoke about the role of the judiciary in restructuring cases, cross-border insolvencies, methods of valuation, and the role of alternative dispute resolution in restructuring cases, all key considerations in the successful implementation of an effective insolvency system. This regional workshop complements CLDP’s bilateral insolvency assistance in the region, which aims to prepare the judiciaries in these countries to preside over insolvency proceedings. The new laws and their effective implementation will help these countries attract foreign investment, including U.S. investors who seek fair and predictable mechanisms for credit recovery.

Upcoming Programs

October 21, 2018 - October 22, 2018
October 22, 2018 - October 24, 2018

CLDP in Action

September 24, 2018 - September 25, 2018

On September 24-25, in Manama, CLDP led a workshop and focus group on government tendering in cooperation with the Bahrain Ministry of Industry, Commerce and Tourism (MOICT), Bahrain Chamber of Commerce and Industry, the American Chamber of Commerce in Bahrain, Bahrain Businesswomen Society and several government contracting agencies. The workshop focused on Bahrain’s recent reforms to promote set-aside programs for small- and medium-sized enterprises (SMEs). Such programs aim to set aside a set percentage of public contracts to be awarded exclusively to SMEs. The workshop was the fourth meeting led by CLDP and MOICT, and largely focused on electronic procurement mechanisms and online registry to move forward on the pilot program to promote the use of SMEs in public procurement. In implementing the pilot program, MOICT has considered incorporating many of CLDP’s recommendations, including creating a small business oversight body, online registration system, and online advertising platforms that are similar. While the pilot program is expected to be launched in early 2019 for three government agencies, CLDP expects to continue to provide technical assistance on SME procurement reform to help make small business set-aside programs a reality.

Read More about Bahrain: CLDP Leads Workshop to Implement Procurement Reforms to Promote SMEs