ACRLI is implementing a project entitled "Modernizing Commercial Law across Arab Countries", supported by the World Bank and which comes within a bigger initiative "The Arab World Initative", launched by the latter.
As an overall objective, the project aims at upgrading the quality of the commercial law framework in four Arab countries which are Egypt, Jordan, Lebanon, and Tunisia, as a pilot activity that can be expanded in the future to the entire MENA region, in order to create an enhanced modern and transparent commercial legal system in the Arab region, and provide an appropriate legal environment for the investors, mainly the foreign ones.
In this context, ACRLI will be developing a study/regional comparative report for the project’s targeted countries concentrating on the three topics below:
1. The Directors’ civil liability.
2. Non-possessory security interest over commercial movable property.
3. Restructuring agreements with creditors before bankruptcy proceedings-conciliation.