OVERVIEW

Recent legislative initiatives by the Bahrain Government have sent a strong signal to the global investor community that Bahrain is committed to creating an ecosystem to support innovation and entrepreneurship. Bahrain has positioned itself to be a regional front runner in the digital economy. Known as “Gateway to the Gulf”, with these new progressive laws, Bahrain is seeking to entice companies and start-ups. LexisNexis, in partnership with ASAR Legal, will be hosting a complimentary seminar in Bahrain which is aimed at providing an insight into recent legislation and analysing how new-age technology companies could benefit from such initiatives.

In the end, it is important to win; however, it is also important to learn from the failures. This is where the Kingdom’s new bankruptcy law comes into play. Modelled on the United States’ Chapter 11 Code, Bahrain’s new bankruptcy law provides for the debtor in possession regime, which allows the management to remain in place and to continue business operations during the bankruptcy administration process. The session would end with understanding the practical implications of the new Bankruptcy law and how it is encouraging the risk appetite of all stakeholders.

PROGRAMME