Middle East and North Africa Insolvency
Corporate governance, market efficiency and investment are linked to insolvency reforms, according to the remit of a Task Force recently set up by the World Bank, the Organization for Economic Development (OECD), INSOL International and others. Insolvency and Creditors Rights Systems will be studied and relevant recommendations and policy options put forward. With the Dubai International Financial Centre appointing its first liquidators in September 2007 (under a system based largely on UK legislation), the region's influence in cross-border insolvency is growing. Read http://www.albawaba.com/en/countries/UAE/220276 for more.
What are your experiences in that region? Please comment below.
Date: 27th December, 2007
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