The CLDP aims to improve the legal environment for doing business in countries around the globe, thereby fostering greater political stability and economic opportunities. CLDP consultative services and programs assist political, regulatory, judicial and commercial leaders to augment their policies, laws and organizational structures.

In recent years, the Kingdom of Saudi Arabia has developed new commercial laws to prepare Saudi Arabia for a transformation to a knowledge-based economy that encourages innovation and entrepreneurship. In 2018 Saudi Arabia promulgated a new insolvency law that decriminalizes insolvency in the Kingdom and allows for civil protection from creditors and for restructuring of companies in financial peril.

From April 16 – 20, 2018 Saudi participants will visit U.S. Bankruptcy Courts and view live insolvency proceedings, guided by Senior U.S. Bankruptcy Judges. Participants will meet with stakeholders in the insolvency process, including banks and law firms that litigate insolvency proceedings. Participants will also learn the judge’s role in referring insolvency cases to alternative means of dispute resolution such as arbitration and mediation. Participants will also learn about valuation methods and cross border insolvency issues.

Sponsors

Organized by: Commercial Law Development Program (CLDP) of the U.S. Department of Commerce

In Cooperation with: The Saudi Arabian Bankruptcy Commission Ministry of Commerce and Investment and Ministry of Justice of Saudi Arabia

Speaker