FIRM (Forum For Insolvency Reform in Mena)
FIRM (Forum For Insolvency Reform in Mena)

The 2009 regional symposium on insolvency laws and creditor rights systems organized by Hawkamah, in association with the OECD, the World Bank Group and INSOL International on May 26-27, 2009 in Abu Dhabi, UAE (Symposium) brought together officials from MENA countries. Towards the end of the 2 day Symposium, a declaration called the ‘Hawkamah Declaration’ was issued affirming the commitment to modernize insolvency regimes in the MENA region.

One of the key resolutions of the Hawkamah Declaration was the commitment to establish a regional forum on insolvency reform, the purpose of which is to engage, educate and inform stakeholders about insolvency reform and to serve as a platform for sharing international and regional best practice and experiences.

Founded by Hawkamah, The World Bank Group, INSOL International and OECD (Founding Members) in 2010, the Forum For Insolvency Reform in MENA (the "FIRM") is a Membership organisation organised around periodic meetings that facilitate and deepen the dialogue on Insolvency Reform in the region. The FIRM is the only platform dedicated to discuss and debate Insolvency Reforms in MENA. The FIRM was officially inaugurated on the occasion of the INSOL International regional conference, at a first regional FIRM roundtable organized by Hawkamah, in association with the, the World Bank Group, OECD and INSOL International on February 24, 2010 in Dubai. The meeting brought together officials, policy makers and representatives from UAE, Turkey, Tunisia, Oman, Egypt, Qatar, Saudi Arabia, Lebanon and Jordan.

The FIRM Communique was also issue don this occasion laying down the areas of focus for the FIRM which includes holding organizing capacity building programs for the Judiciary (link to the MENA JC events).

The Hawkamah Declaration English | Arabic

FIRM Communique Brief about the FIRM MENA Judicial and Financial Colloquia 2011 2012 2014 FIRM NEWSLETTER – 2014

Testimonials

  • I am truly honored to attain this certification and I recommend the Compliance Heads of all DFM listed companies to participate and achieve this certification.

    Nabeel Mirza - Senior Director & MLRO - Compliance - GFH Financial Group B.S.C.
  • The workshop has added a level of professionalism to my practice. It addressed and discussed  the right concepts to promote better governance and effective support for business in line with rules and procedures.

    Osama Issaq Al Haj - Head of Legal & Board Secretary - Dubai Islamic Bank
  • A very interesting and informative course which has helped me to adapt my Board Secretary knowledge further to my role as Company Secretary.

    Hamad Al Hosani - Group Company Secretary - Emirates NDB Bank
  • Anyone who wants to enter the world of boards and governance; this is your passport.

    Jehad A. Kazim - Director - Legal Services Dubai Chamber
  • The Directors Development Program was one of the most beneficial programs I attend during my career life. The strength of the program comes from the way it was structured as each part covered very important aspects of the required management role.

    Nada Ishaq Abdul Karim - Manager - The Secretary of The Board of Directors - Bahrain Islamic Bank BSC
  • The DDP offered by the Hawkamah Institute is an excellent course to prepare directors to understand and fulfil their obligations properly as members of the board. I have benefitted immensely from this program and have started to implement some of the best practices taught on the boards that I am involved in.

    Amir Arab - Director - Havenvest Private Equity Middle East Limited
  • The Director Development Program is great way to gain insight and improved understanding in areas such as corporate governance and board functionality. I would highly recommend the program as a foundational step before they begin their board experience. Bindu Ann Joseph - Chief Operating Officer - 3W Networks
  • Director Development Program was invaluable learning experience for me which has elevated my knowledge and broaden my understanding mainly on the corporate governance practices and board of directors role. It has addressed the main concepts from theoretical and practical perspectives. The material is comprehensive and provides the key information of the different aspects of the course. I strongly recommend the program for individuals who play role in corporate governance and seek to enrich their knowledge of companies’ board of directors. Sumaya Alshaer - Acting Head of Strategy & Corporate Governance - DUBAI SOUTH
  • The Director Development Program is being run with an effective balance between theory presented by knowledgeable staff and interactive discussions among the participants. This makes it into a recommendable program for aspiring and existing Board Members alike to get up to date on Corporate Governance as relevant for our GCC Region. Johan H. Brand – Owner – Johan Brand Leadership Advisory DWC – LLC
  • My favorite part of the DDP program is that it teaches you more than academics. It gives you insights on the skills you need as a board member. Noora Mahfouth A Mohd Alshehhi - Manager- Contract Review Audit - Dubai Electricity & Water Authority

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