Hawkamah held its Fourth Annual Conference "Building Middle East Markets and Corporate Governance Imperatives" the 9th and 10th at the DIFC, Dubai. Event was in partnership with the OECD.
As usual, a worthwhile event.
Two solid documents issued:
- Policy Brief on Improving Corporate Governance of Banks in the Middle East and North Africa Region
- Study on Insolvency Systems in the Middle East and North Africa
The Study covers 11 jurisdictions:
DIFC, Egypt, Jordan, Kuwait, Lebanon, Oman, Palestine, Qatar, Saudi Arabia, UAE and Yemen.
There are some global comparables on recovery rates (Page 5) based on another study the World Bank "Doing Business 2009".
As you might expect, the MENA region has lower claim recovery rates than other major countries. Japan at 92.5% , the OECD at 68.6% versus MENA at 29.99%. Bahrain came in with a respectable 63.2%
Anyway: A hat tip to Hawkamah. More evidence of regional institutions helping develop the GCC/MENA market.
Posts
No comments:
Post a Comment