Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

ASAR Acts As Kuwait Legal Counsel To World Bank  Join our daily free Newsletter

MENAFN - Arab Times - 03/10/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) ASAR - Al Ruwayeh & Partners (ASAR), Kuwaits leading and most prominent corporate law firm, and one of the regions top tier firms announced today that it had acted as Kuwait local counsel to the World Bank as they undertook an assessment of the effectiveness of the Kuwait insolvency and creditor/debtor regime within the framework of the International Monetary Fund and World Bank Reports on the observance of Standards and Codes Initiative. The study was conducted in collaboration with the authorities in Kuwait, including the Kuwait Ministry of Commerce and Industry using the World Banks Revised Principles and Guidelines for Effective Insolvency and Creditor Rights Systems of 2005 and the Recommendations of the UNCITRAL Legislative Guide on Insolvency Law which represent the international consensus on best practices and set forth a unified standard for ICR systems.

The new project aims to strengthen Kuwaits commercial law and regulation to be more responsive to the current needs and aspirations of market participants and upgrade to regional and international standards. ASAR assisted the World Banks team in Kuwait which included some of the worlds foremost experts on corporate rehabilitation, distress resolution, debt recovery, secured transactions, financial reporting, and judicial system strengthening, contributed to Kuwaits vision of becoming a financial and trade center. "We are proud to have been of assistance to the World Bank in relation to the review of Kuwaits current insolvency framework. Insolvency regimes have evolved over the years and Kuwait is taking steps towards improving the countrys framework of financial laws." said Rob Little, partner as ASAR.

With dedicated offices in Kuwait and Bahrain coupled with its associated offices and relationships, ASAR provides clients across an extensive range of industry sectors with comprehensive legal advice and support for their business activities in Kuwait, across the GCC and beyond. The firm has been consistently rated as the leading corporate and commercial law firm in Kuwait by reputable legal guides such as the Chambers Global Guide, International Financial Law Review and the Legal 500. In their annual law firm Global Guide for 2013, Chambers & Partners have exclusively ranked ASAR as Kuwaits only tier 1 law firm for business law. In 2012, ASAR was named as the "Best Law Firm in Kuwait 2012" by the International Financial Law Review (IFLR), the market-leading guide for financial law firms worldwide. The firm also won the "Best Equity Deal in the Middle East" award by IFLR during the same year.

 






  MENA News Headlines
 Aug 20 2014 - Ex-minister in India refutes love child claimKhaleej Times
(MENAFN - Khaleej Times) A former federal minister has denied the allegation made by a 47-year-old Gujarat-based widow that he had tied the knot with her in 2005 and is the father of her 19-year-old ...

 Aug 20 2014 - Intensive exhaustive household survey stalls TelanganaKhaleej Times
(MENAFN - Khaleej Times) Nearly 400000 government employees teachers and student volunteers began the house-to-house survey at 7am in the city and at 8am in other parts of the state ...

 Aug 20 2014 - Surviving a typhoon in Leyte and rebuilding livesKhaleej Times
(MENAFN - Khaleej Times) Its not yet a year since the worlds most devastating storm reached landfall and while aid workers began pulling out last month recovery efforts are far from over.It has been ...

 Aug 20 2014 - Pakistan army urges talks as protesters await political showdownKhaleej Times
(MENAFN - Khaleej Times) Imran Khan the former cricket star and now chairman of the Pakistan Tehreek-i-Insaaf (PTI) and preacher Tahir Ul Qadri have led days of protests demanding the resignation of ...

 Aug 20 2014 - Yoga guru BKS Iyengar dies of kidney failureKhaleej Times
(MENAFN - Khaleej Times) Iyengar started his yoga school in 1973 in the western city of Pune developing a unique form of the practice that he said anyone could follow.BKS Iyengar the yoga guru who ...

 Aug 20 2014 - Japanese 111-year-old becomes oldest manKhaleej Times
(MENAFN - Khaleej Times) Sakari Momoi a former high school principal who was born on February 5 1903 received a certificate from Guinness World Records confirming the ...

 Aug 20 2014 - Robin Williams suicide not plannedKhaleej Times
(MENAFN - Khaleej Times) Confidante says actor was his usual self the day before Photo: AgenciesA confidante of Robin Williams says he did not plan his suicide.Tmz.com reports that the confidante of ...

 Aug 20 2014 - UAE- Beverage cups safe to use: Ministry of Environment and WaterKhaleej Times
(MENAFN - Khaleej Times) The Ministry of Environment and Water (MoEW) on Monday dismissed reports doing the rounds on social networking sites about drinking cups containing carcinogens as rumours and ...

 Aug 20 2014 - UAE- Khalifa University launches science and technology summer campKhaleej Times
(MENAFN - Khaleej Times) The Khalifa University has launched a new science technology engineering and mathematics (Stem) summer camp at its Abu Dhabi campus.The camp is expected to attract more than ...

 Aug 20 2014 - UAE- Sharjah conference to discuss ways to protect refugee kidsKhaleej Times
(MENAFN - Khaleej Times) It aims to put measures in place to ensure children and refugees in the Middle East and North Africa are protected from the danger of all forms of exploitation and ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help