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首页> 外文期刊>International Insolvency Review >Bankruptcy reform in the Middle East and North Africa: Analyzing the new bankruptcy Laws in the UAE, Saudi Arabia, Morocco, Egypt, and Bahrain
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Bankruptcy reform in the Middle East and North Africa: Analyzing the new bankruptcy Laws in the UAE, Saudi Arabia, Morocco, Egypt, and Bahrain

机译：中东和北非的破产改革：分析了阿联酋，沙特阿拉伯，摩洛哥，埃及和巴林的新破产法

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摘要

For years, countries in the Middle East and North Africa (MENA) region have been trying to increase entrepreneurship rates and attract foreign investment, however, their bankruptcy statutes remained antiquated and punitive in nature. Potential start-ups and foreign investors have been deterred from these markets due to a lack of alternative solutions to liquidation and a fear of punishment for business failure. At least seven countries in the region have now taken steps to modernize their bankruptcy laws to provide restructuring mechanisms and other measures designed to incentivize risk-taking rather than to deter it. With this year's crash in oil prices, an unprecedented global pandemic and an imminent recession, an effective bankruptcy system has become even more critical to avoid catastrophic results for the employment rates and economic value of the companies in the region. However, despite these recent reforms, significant improvements are still needed to maximize the value and benefits of bankruptcy procedures in the face of these growing economic threats.
机译：多年来，中东和北非国家（MENA）地区的国家一直在努力提高创业率，并吸引外国投资，但其破产法规在自然中仍然陈旧和惩罚性。由于缺乏对替代解决方案和对业务失败的惩罚造成惩罚，潜在的初创企业和外国投资者因这些市场而受到阻碍。该地区至少有七个国家已经采取了措施，使其破产法使重组机制和旨在激励风险的其他措施，而不是阻止它。随着今年的石油价格崩盘，一个前所未有的全球大流行和迫在眉睫的经济衰退，一个有效的破产制度对避免该地区公司的雇佣率和经济价值的灾难性成果变得更为重要。然而，尽管最近的改革，但在这些日益增长的经济威胁面前，仍然需要显着的改善来最大限度地提高破产程序的价值和益处。

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  • 来源
    《International Insolvency Review》 |2020年第2期|159-180|共22页
  • 作者

    Al-Sarraf Adam;

  • 作者单位

    US Dept Commerce Int Commercial Law Dev Program Washington DC 20230 USA;

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  • 正文语种 eng
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