INSOL International, the International Association of Restructuring, Insolvency and Bankruptcy Professionals, will hold its first ever MENA conference in Dubai.
While given recent developments the choice of Dubai might bring a smile to more than a few faces out there, the conference has been long in the planning. And as usual when there is an initiative to improve corporate governance, one finds Hawkamah involved. They have been working closely with INSOL over the past few years to analyze the state of creditors' rights as well as the legal regime for corporate reorganization, bankruptcy reform in the area.
In that vein you'll recall that the IBRD/IFC "Doing Business in the Arab World -2010" survey gave the UAE the lowest marks among the GCC states in insolvency and recoveries. Earlier post here.
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