UCL logo

UCL Discovery

UCL home » Library Services » Electronic resources » UCL Discovery

Kuwait: Fostering Sustainable Investment through Modern Commercial Law Systems

Mako, W; Mokal, R; Cojocaru, I; Johnson, G; (2013) Kuwait: Fostering Sustainable Investment through Modern Commercial Law Systems. (MENA Knowledge & Learning: Quick Notes Series 93 ). The World Bank: Washington, D.C., USA. Green open access

[img]
Preview
Text
Mako et al on Kuwait ICR Reform.pdf

Download (645kB) | Preview

Abstract

The Government of Kuwait (GOK) is now moving decisively to reform its insolvency and creditor/debtor regime (ICR). Stakeholders recognize that Kuwait's ICR system had fallen behind that required for a modern economy. The GOK's effort to establish a modern insolvency and creditor rights system is driven by several considerations: first, consistent with its traditional strengths, Kuwait is seeking to transform itself into a regional financial and trading center, as expressed in the Amiri vision 2030 and the GOK's most-recent five-year development plan. Second, many of the difficulties afflicting the country's investment company sector, which started surfacing in 2008, still await fundamental resolution. Third, development of small and medium enterprises (SMEs) is essential to help the GOK meet its goals of diversifying the sources of income and encouraging young people to work in the private sector, in order to reduce the burden of the public sector. The GOK's reform agenda aspires to world-class standards, balancing international norms with solutions rooted in Kuwait's unique local customs. The consensus among stakeholders is that an effective insolvency regime would benefit the Kuwait economy.

Type: Report
Title: Kuwait: Fostering Sustainable Investment through Modern Commercial Law Systems
Open access status: An open access version is available from UCL Discovery
Publisher version: http://hdl.handle.net/10986/16124
Language: English
Additional information: This report is published under a Creative Commons Attribution Unported 3.0 Licence (http://creativecommons.org/licenses/by/3.0/). You are free to share and adapt this work for any purpose, as long as you give appropriate credit to the authors.
UCL classification: UCL > Provost and Vice Provost Offices
UCL > Provost and Vice Provost Offices > UCL SLASH
UCL > Provost and Vice Provost Offices > UCL SLASH > Faculty of Laws
URI: http://discovery.ucl.ac.uk/id/eprint/1472951
Downloads since deposit
67Downloads
Download activity - last month
Download activity - last 12 months
Downloads by country - last 12 months

Archive Staff Only

View Item View Item