Saudi Arabia: CLDP Organizes Consultations on Implementing New Bankruptcy Law

April 16, 2018 - April 20, 2018

From April 16-20, a delegation of 16 judges and government officials from the Kingdom of Saudi Arabia (KSA), headed by the Deputy Minister of Justice, participated in consultations on developing a bankruptcy system in KSA and improving the transparency and efficiency of its commercial courts. Participants attended a bankruptcy trial in the U.S. Bankruptcy Court of the Southern District of New York, as well as commercial cases in the U.S. District Court for the Southern District of New York and the New York State Supreme Court’s Commercial Division. The participants learned about the process by which bankruptcy cases are adjudicated in the U.S.; how a transparent and predictable bankruptcy system can help attract foreign investment; the role of court automation and case management technology in ensuring efficient and transparent adjudication of disputes; and valuation methods and the enforcement of cross border bankruptcy judgments, which is becoming increasingly important with the global nature of commercial lending. Earlier this year, KSA promulgated a new bankruptcy law that provides debtors and creditors with court supervised solutions for failing companies, including business restructuring. CLDP was instrumental in the development of the new law and is now collaborating with the Government of Saudi Arabia to train the judges that will preside over insolvency proceedings and the government stakeholders that will regulate the bankruptcy system.

Upcoming Programs

January 29, 2018 - January 30, 2019
November 11, 2018 - November 15, 2018

CLDP in Action

October 7, 2018 - October 10, 2018

After training six Sri Lankan law school teams over five months to prepare them in oral and written advocacy, CLDP held its first Sri Lanka National Vis Moot Competition from October 7-10, 2018. The Royal Institute of Colombo College of Law prevailed as champion, and the University of Colombo College of Law placed second. The two winning teams will advance to represent Sri Lanka in the Willem C Vis Moot Competition in Hong Kong in April 2019. CLDP will continue to train both teams and help them prepare for the Hong Kong competition. 

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