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

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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.

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