Kuwait

April 1, 2019 - April 2, 2019

MENA: CLDP Facilitates Participation in INSOL 13th Annual Judicial Colloquium

On April 1-2, in Singapore, CLDP, in coordination with INSOL International (International Association of Restructuring, Insolvency and Bankruptcy Professionals), supported the participation of judges from Bahrain, Kuwait, Saudi Arabia and Tunisia in the 13th INSOL Judicial Colloquium. INSOL International is a global federation of associations including lawyers, judges and accountants that aims to increase international cooperation and communication in the insolvency profession. The INSOL Judicial Colloquium is the only global venue for judges from around the world to share best practices in restructuring and liquidation procedures. This year is the first time that these four countries have participated in the Colloquium and CLDP plans to leverage INSOL’s extensive network and resources, such as its World Bank-funded Judicial Training College, to support its ongoing programming with MENA judges. The Colloquium provided the MENA judges with the opportunity to apply modern bankruptcy principles to hypothetical case studies and to receive practical guidance from senior judges from more advanced bankruptcy jurisdictions. CLDP plans to develop joint programs with INSOL over the next two years to expand its judicial training activities.

March 31, 2019 - April 3, 2019

MENA: CLDP Trains Judges to Effectively Implement New Bankruptcy Laws

On March 31 and April 3, in Singapore, CLDP organized trainings for judges from Bahrain, Kuwait, Saudi Arabia, and Tunisia on the role of courts in managing restructuring and liquidation procedures. The trainings focused specifically on court administration, cross-border judicial cooperation and ensuring compliance with bankruptcy procedures. Since 2016, Bahrain, Saudi Arabia and Tunisia have passed new bankruptcy laws, which all include modern restructuring mechanisms. In Bahrain and Saudi Arabia, prior to the enactment of these laws, bankruptcy was synonymous with liquidation and courts were not used as a venue to rescue companies or to prevent their failure. CLDP assisted in developing these new statutes and is now conducting a multi-phase program focused on the implementation of these mechanisms, with a specific concentration on judicial capacity building. The trainings in Singapore this week have been led by senior U.S. bankruptcy judges from the Southern District of New York. Trainings also included presentations by World Bank and private sector experts on the impact of restructurings and judicial decision-making on the credit market and the larger economic outlook of a country. The trainings emphasized the importance of transparency, consistency and predictability in the management of bankruptcies to maximize value and build confidence in the bankruptcy process.

March 5, 2019 - March 9, 2019

MENA Region: CLDP Hosts the 9th Annual Middle East Pre-Moot

On March 5-9, CLDP, in partnership with the Royal University for Women (RUW), the Bahrain Center for Dispute Resolution, Mena Chambers Bahrain, and the Center for International Legal Studies of the University of Pittsburgh, hosted the 9th Annual Middle East Vis Pre-Moot at RUW in Riffa, Bahrain. The competition brought together 17 teams consisting of more than 100 students from Afghanistan, Bahrain, Egypt, Iraq, Kuwait, Lebanon, Myanmar, Saudi Arabia, Sri Lanka, Tunisia, and the United Arab Emirates. The University of Colombo from Sri Lanka won the competition and the Royal Institute of Colombo, also from Sri Lanka, took second place. Before the competition, CLDP’s Vis Moot mentors and coaches conducted a three-day training. This five-day program was designed to prepare students for the Willem C. Vis Moot Competition (“the Vis Moot”) that takes place annually in April in Hong Kong and Vienna. The Vis Moot is the most prestigious international moot on commercial arbitration where more than 400 teams from over 100 countries compete on oral and written advocacy. The Vis Moot experience helps equip the participating students with the skills necessary to handle commercial business disputes and bolsters the rule of law in their respective countries.

September 27, 2018 - September 28, 2018

MENA: CLDP Organizes Regional Insolvency Conference

On September 27-28, in Casablanca, Morocco, CLDP organized a regional conference on insolvency for 75 participants from the MENA region. In recent years, Morocco, Tunisia, Saudi Arabia, and Bahrain have passed new insolvency laws that are in line with international best practices, and Kuwait is in the process of drafting a similar law. These laws allow for civil protection from creditors and for the restructuring of companies in financial peril, but success in transforming the insolvency practices in these countries will depend upon proper implementation of the new laws. For that reason, CLDP organized a regional conference for judges, lawyers, trustees, and other stakeholders from each of these 5 countries to come together to hear best practices and practical examples from the U.S. and to share experiences. CLDP expert advisors, including two U.S. federal bankruptcy judges and an insolvency expert from the UN Commission on International Trade Law spoke about the role of the judiciary in restructuring cases, cross-border insolvencies, methods of valuation, and the role of alternative dispute resolution in restructuring cases, all key considerations in the successful implementation of an effective insolvency system. This regional workshop complements CLDP’s bilateral insolvency assistance in the region, which aims to prepare the judiciaries in these countries to preside over insolvency proceedings. The new laws and their effective implementation will help these countries attract foreign investment, including U.S. investors who seek fair and predictable mechanisms for credit recovery.

February 21, 2018

Middle East, North Africa, Afghanistan, and Sri Lanka: CLDP Sponsors the 4th Annual Middle East Pre -Moot Arbitrator Roundtable

On February 21, CLDP, in coordination with the Royal University for Women, the Bahrain Chamber for Dispute Resolution, Mena Chambers Bahrain, UNCITRAL, and ICC, hosted the 4th Annual Middle East Arbitrator Roundtable at the Royal University for Women in Manama, Bahrain.  The Roundtable was led by Dr. Stefan Kroll of the Vis Moot Organization, Professor Ron Brand of the University of Pittsburgh’s Center of International Legal Studies, and Ryan Harrington of UNCITRAL. More than 70 arbitrators from around the world participated and in sessions focused on addressing current developments in international trade and investment arbitration.  The program was conducted on the margins of CLDP’s 8th Annual Middle East Vis Pre-Moot program and provided an unique opportunity for current transactional lawyers to connect with the next generation of future arbitrators.  Participants discussed current changes in arbitration law and practice and prepared themselves to serve as judges in simulated arbitration rounds.  The Roundtable has become an annual event that has developed a community of legal practitioners in championing the practice of effective contract enforcement and dispute resolution.

February 19, 2018 - February 23, 2018

CLDP sponsors the 8th Annual Middle East Vis Pre-Moot

On February 19-23, CLDP, in partnership with the Royal University for Women, the Bahrain Chamber for Dispute Resolution, Mena Chambers Bahrain, UNCITRAL, and ICC, hosted the 8th Annual Middle East Vis Pre-Moot at the Royal University for Women in Manama, Bahrain.  The program brought together 15 teams consisting of over 90 students from Afghanistan, Bahrain, Iraq, Jordan, Kuwait, Lebanon, Saudi Arabia, Sri Lanka, Tunisia and the United Arab Emirates for extensive clinical training in oral advocacy as well as simulated arbitrations.  The program consisted of three days of training and two days of competition.  The training was conducted by former Vis Moot champions and mentors, and Professor Ronald Brand from the Center of International Legal Studies, University of Pittsburgh.  Additionally, the competition was arbitrated by over 70 legal practitioners from across the globe.  

February 7, 2018

Kuwait: CLDP Provides Legislative Experience for Economic Development Conference

On February 7, CLDP Senior Counsel James Filpi spoke at the Kuwait annual Knowledge Economy Forum conference organized by the Kuwait Supreme Council of Planning and Development in Kuwait City. The conference brought experts in economic development from around the world to discuss the demands on Kuwait to develop a knowledge based economy and continue to be a robust participant in the global economy. Mr. Filpi emphasized the importance of Kuwait keeping pace with international commercial law standards and the challenges for legislators supporting economic growth in a knowledge based economy. Mr. Filpi provided insights into lessons learned in the Arabian Peninsula and globally for legislative drafters attempting to regulate a knowledge based economy effectively. Since 2004 in the Arabian Peninsula, CLDP has advocated for legislative efforts to modernize commercial law and trained legal stakeholders in international commercial law best practices. CLDP’s focus in the Arabian Peninsula is to provide the legal expertise and training to encourage the countries in the Arabian Peninsula to modernize their commercial laws and create opportunities for local and international companies operating in the region.

February 6, 2018

Kuwait: Comparative Arbitration Law Seminar

On February 8, 2018, CLDP and the Kuwait Commercial Arbitration Center (KCAC) will conduct a seminar focusing on best practices in drafting arbitration legislation. Enlisting the expertise of international dispute resolution experts in local and international practices, CLDP and KCAC will conduct the seminar for stakeholders interested in arbitration law and practice in Kuwait.