Morocco: Workshop on Developing an Effective Bankruptcy Ecosystem

June 17, 2019 - June 18, 2019

On June 17, 2019, CLDP will organize a workshop on developing an effective bankruptcy ecosystem in Morocco. Last year, Morocco passed a new bankruptcy statute that incorporates many of the latest international best practices and present these countries as effective partners in the global economy. This law allows for civil protection from creditors and for restructuring of companies in financial peril. The success of this new statute and its impact on the Moroccan economy will depend upon proper implementation of the new law.  Insolvency law is particularly complex in implementation and presents a challenge to courts to appropriately manage business restructuring interests.  Due to the complexity of insolvency proceedings, many countries including the US, designate insolvency courts with specialized judges to handle insolvency litigation.  For the new insolvency law to be effective throughout the MENA region, courts and judges will need to prepare for complex commercial litigation and restructuring. 

In order to prepare the judiciaries in these countries to preside over insolvency proceedings under the new law, Morocco is partnering with CLDP, to conduct a two-day workshop on creating an effective ecosystem for bankruptcy procedures. Participants for the workshop will include presidents of commercial courts, judges, bankruptcy trustees and lawyers.  

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