Save

Small Business Bankruptcy Reform in the Arab World: Two Steps Forward, One Step Back

In: Arab Law Quarterly
Author:
Jason J. Kilborn UIC John Marshall Law School, University of Illinois at Chicago 300 S. State Street, Chicago, IL 60604 USA

Search for other papers by Jason J. Kilborn in
Current site
Google Scholar
PubMed
Close
Download Citation Get Permissions

Access options

Get access to the full article by using one of the access options below.

Institutional Login

Log in with Open Athens, Shibboleth, or your institutional credentials

Login via Institution

Purchase

Buy instant access (PDF download and unlimited online access):

$40.00

Abstract

This article assesses a series of recently adopted bankruptcy laws in the Arab world, situating them within three historical phases of global bankruptcy reform. It introduces recently released recommendations from international standard-setting organisations for best practices in the bankruptcies of small and medium enterprises (SME) and applies them to evaluate the key details of recent bankruptcy reforms in Saudi Arabia, the United Arab Emirates, Egypt, Morocco, Tunisia, Oman, and Bahrain. Seeking an explanation for the persistent absence of an especially crucial element of effective SME rescue policy, it recalls the Islamic law relating to debt distress and recovery. Finally, it reveals a revolutionary new approach to this controversial topic, adopted by one Arab state to produce a bankruptcy law that is truly and exceptionally responsive to the needs of SME s.

Content Metrics

All Time Past Year Past 30 Days
Abstract Views 377 125 7
Full Text Views 18 12 0
PDF Views & Downloads 26 12 0