Abstract:
The Kingdom of Bahrain has introduced a new bankruptcy law as it initiates a series
of new legal reforms aimed at supporting sustainable economic development plans and
promotes foreign investment opportunities that always look for countries with a supportive
legislative structure if foreign enterprises are exposed to economic or financial crises.
The new reorganization and bankruptcy law (No. 22 of 2018) has Included measures to
allow the reorganization of the company where the management can remain in place and
continue its business operations instead of bankruptcy and liquidation.
The aim of this paper is to study the legal aspects of the process through which the financial
well-being and viability of a debtor’s business can be restored and the business continue to
operate, using various means possibly including debt forgiveness, debt rescheduling and sale
of the business or parts of it.
Dr. Mohamed Morsi Abdou Mohamed
Associate professor
College of Law, University of Sharjah- UAE
The Recorganization of Troubled Commercial
companies in Bahraini Law
(Comparative study)
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