Effective insolvency systems are critical for the Middle East and North Africa (MENA) region to navigate the challenges caused by the increasingly global financial crisis. In the wake of the crisis, bankers and financiers, insolvency professionals, work-out specialists, accountants and business leaders alike have emphasised the need for modern and comprehensive bankruptcy laws and insolvency regimes in the GCC and the wider MENA region. Sound insolvency systems facilitate the orderly exit of insolvent corporations and efficiently reallocate resources, thereby minimizing the overall economic and financial costs of restructuring and insolvency.

Hawkamah, The Institute of Corporate Governance cordially invites you to a two-day Symposium on Insolvency and Creditor Debtor Rights Systems in the MENA region. The symposium will discuss and debate the results of the first ever, benchmark survey of Insolvency Regimes of the MENA Countries jointly undertaken by Hawkamah, the World Bank, INSOL International and the Organisation for Economic Cooperation and Development (OECD) in close collaboration and cooperation with authorities, lawyers and legal professionals in the region.

26 May, 2009 - High Level Consultation and Meeting on Insolvency and Creditor Debtor Rights Systems

A high level meeting will be held on 26 May 2009 to be attended by government policy makers, regulators, judges and lawyers, bankers and accountants across the MENA region will discuss the individual country reports and recommendations and modernisation options and compare with international experiences.
The meeting will critically examine the functioning of formal and informal processes relating to corporate financial difficulty, insolvency and the judicial and administrative involvement in these processes. Also under scrutiny will be creditor and debtor rights and interests, risk management and corporate workout mechanisms, reorganization proceedings and implementation of the Insolvency system.

27 May, 2009 - Seminar on Global Financial Crises and Insolvency Laws and Creditor Rights Systems & Reforms

The meeting will explain the results of the survey of Insolvency Regimes of the MENA countries jointly undertaken by Hawkamah, the World Bank, INSOL International and the Organisation for Economic Cooperation and Development (OECD) and recommendations for improvement, modernisation and potential reform.

Who Should Attend?

• Government officials & Policy Makers
• Judges and judicial authorities
• Regulators
• Insolvency Professionals
• Bankers and restructuring & workout professionals
• Accountants
• Lawyers
• Anyone seeking a better understanding of the impact of the global financial crisis and the role of insolvency frameworks

For further details of the Symposium on Insolvency Laws and Creditor- Rights Systems, please click here for the agenda

To register for the event, please click here

If you have any questions, please contact info@hawkamah.org