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Third focus group session on “the Middle East Regional Bankruptcy Reform Initiative “ project in Amman
Within the framework of “Middle East Regional Bankruptcy Reform Initiative, the Arab Center for the Rule of Law and Integrity has organized the third Egyptian focus group session about “Bankruptcy reform”, which was was held on February 26, 2013 at Grand Hayat hotel in Amman. A group of Jordanian jurists and businessmen participated in this session, in addition to the chief legal advisor of the project, Dr. Wassim Harb, the Jordanian legal expert, HE Dr Ayman Odeh and the project national coordinator, Mr. Asem El Rawashedeh. The meeting included a brief presentation about the current bankruptcy system in the Jordanian Trade Act, as well as about the content of the 2012 draft law on “ re-regulating the trader’s business and bankruptcy and liquidation provisions”, then an intervention by Prof. Harb on the importance of bankruptcy law in various legal regulations related to commercial work , and the international approaches of Bankruptcy law reform to foster the enterprises restructuring. At the end of the session, participants reviewed the survey that was prepared under the project and discussed its questions as well as the suggested recommendations to amend bankruptcy law and improve the new draft law before its ratification
 

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