Saudi Arabia – Best Practices for Bankruptcy Trustees

December 9, 2020
CLDP Expert Advisor Andy Vera Presents

On December 9, in order to assist the Saudi Arabia Bankruptcy Commission in developing best practices in administrative liquidation and trustee practices, CLDP and the Bankruptcy Commission, in collaboration with the U.S Department of Justice U.S. Trustees Program and the U.S. Bankruptcy Court for Puerto Rico, conducted a webinar regarding management by trustees in insolvency cases.  During the webinar Saudi Trustees learned how U.S. Trustees manage cases during the COVID-19 pandemic.  Saudi Trustees also learned U.S. bankruptcy judges’ expectations of documentation received from Trustees during bankruptcy cases. Improved bankruptcy law implementation improves opportunities for U.S. companies to invest and conduct business in Saudi Arabia, by securing business transactions and increasing return on investment. 

Upcoming Programs

August 1, 2020 - April 30, 2021

Throughout the quarter, CLDP engaged with numerous experts to prepare and record eight separate sessions on trade topics, specifically designed for Afghanistan’s approximately 25 Commercial Attachés posted throughout the world. In May 2018, CLDP spent one week training the same group of Attachés in a comprehensive course designed for them prior to their departure. This updated training course is intended to provide more advanced training on relevant topics now that the Attachés have been serving in their posts for more than two years.  The topics for these presentations were identified based on consultations with the Attachés and relevant stakeholders in the last quarter. Topics include drafting international contracts, attracting foreign direct investment, negotiation strategies, and two sessions on working trade shows. The series of pre-recorded virtual presentations, including translated copies of the presentations, will be delivered on a rolling basis to the Attachés. In addition, future topics will be recorded and shared with the participants. These virtual recordings will be saved in an online repository, which will be available for any interested party to view, including the private sector. 

March 15, 2021 - May 24, 2021

CLDP in close collaboration with the US Patent and Trademark Office (USPTO) trained Bahrain Innovation and Technology Center (BITC) staff regarding filing patents in the GCC (Gulf Cooperation Council).  This program was part of a CLDP/USPTO collaboration to conduct over 40 hours of intellectual property training for the BITC.  The program included training on how to obtain patents and copyrights in the US as well as other jurisdictions.  

CLDP in Action

February 24, 2021 - February 25, 2021

On February 24-25, CLDP conducted a workshop on FIDIC contracts for a delegation of Sri Lankan officials from the Attorney General’s office.

Read More about Sri Lanka: FIDIC Contracts Workshop