Resource
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LanguageEnglish
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Resource TypeOther
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Uploaded By
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Date Added2017-03-13
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Corporate AuthorshipJoe Lowther of Emerging Markets Group and Lana Habash of SANAD Law Firm.
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Collections
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Insolvency Legislative Frame Work Analysis
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SABEQ is assisting the Companies Control Department to develop a new Insolvency1 Law.
Jordan currently has liquidation and financial restructuring (“Composition”) proceedings that
are provided for in the Companies Law and Commercial Code. These provisions are seen
as inadequate as Jordan seeks to modernize its commercial law framework and procedures
as part of an effort to increase private sector growth and lending and investment.