Kuwait : Fostering Sustainable Investment through Modern Commercial Law Systems

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collection.link.189
https://openknowledge.worldbank.org/handle/10986/9420
collection.name.189
MENA Knowledge & Learning
dc.contributor.author
Mako, William
dc.contributor.author
Mokal, Riz
dc.contributor.author
Cojocaru, Iulia
dc.contributor.author
Johnson, Gordon W.
dc.date.accessioned
2013-10-11T19:49:40Z
dc.date.available
2013-10-11T19:49:40Z
dc.date.issued
2013-04
dc.date.lastModified
2021-04-23T14:03:27Z
dc.description.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.
en
dc.identifier
http://documents.worldbank.org/curated/en/2013/04/17617974/kuwait-fostering-sustainable-investment-through-modern-commercial-law-systems
dc.identifier.uri
http://hdl.handle.net/10986/16124
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
MENA Knowledge and Learning Quick Notes Series;No. 93
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ACCESS TO FINANCE
dc.subject
ACCESS TO INFORMATION
dc.subject
ASSET BASES
dc.subject
AUTO LOANS
dc.subject
BANKING SUPERVISION
dc.subject
BANKS
dc.subject
BUSINESSES
dc.subject
CAPITAL ADEQUACY
dc.subject
CAPITAL MARKETS
dc.subject
CENTRAL BANK
dc.subject
COLLATERAL
dc.subject
COLLATERAL REGISTRY
dc.subject
COMMERCE
dc.subject
COMMERCIAL COURT
dc.subject
COMMERCIAL COURTS
dc.subject
COMMERCIAL CREDIT
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COMMERCIAL JUDGE
dc.subject
COMMERCIAL LAW
dc.subject
COMMERCIAL LAW SYSTEMS
dc.subject
COMMERCIAL LAWS
dc.subject
COMMERCIAL LOANS
dc.subject
CONSUMER CREDIT
dc.subject
CONSUMER RIGHTS
dc.subject
COPYRIGHTS
dc.subject
CORPORATE WORKOUT
dc.subject
COURT PERSONNEL
dc.subject
COURT SUPERVISION
dc.subject
COURT SYSTEM
dc.subject
CREDIT ACCESS
dc.subject
CREDIT BUREAU
dc.subject
CREDIT HISTORY
dc.subject
CREDIT INFORMATION
dc.subject
CREDIT PROTECTION
dc.subject
CREDIT PROVIDERS
dc.subject
CREDIT RISK
dc.subject
CREDIT RISK MANAGEMENT
dc.subject
CREDITOR
dc.subject
CREDITOR RIGHTS
dc.subject
CREDITOR RIGHTS SYSTEM
dc.subject
CREDITOR RIGHTS SYSTEMS
dc.subject
CREDITORS
dc.subject
CUSTOMS
dc.subject
DATA FLOWS
dc.subject
DEBTORS
dc.subject
DISTRESSED COMPANIES
dc.subject
DOMESTIC INVESTORS
dc.subject
EFFECTIVE INSOLVENCY
dc.subject
EFFECTIVE INSOLVENCY SYSTEMS
dc.subject
EFFICIENT INSOLVENCY
dc.subject
ENFORCEMENT MECHANISMS
dc.subject
EQUITABLE TREATMENT
dc.subject
ESTATE
dc.subject
EXISTING CREDITOR
dc.subject
EXIT MECHANISM
dc.subject
FACILITATION
dc.subject
FINANCIAL CRISIS
dc.subject
FINANCIAL SECTOR
dc.subject
FINANCIAL STABILITY
dc.subject
FINANCIAL SYSTEM
dc.subject
FORMAL INSOLVENCY
dc.subject
FORMAL INSOLVENCY SYSTEM
dc.subject
FORMAL REORGANIZATION
dc.subject
FRAMEWORK FOR CROSS-BORDER INSOLVENCIES
dc.subject
GROWTH POTENTIAL
dc.subject
HOME MORTGAGES
dc.subject
IMMOVABLE ASSETS
dc.subject
INDIVIDUAL CREDITORS
dc.subject
INDIVIDUAL ENTREPRENEUR
dc.subject
INFORMAL DISPUTE RESOLUTION
dc.subject
INFORMAL WORKOUT
dc.subject
INFORMAL WORKOUT PROCESS
dc.subject
INFORMATION ACCURACY
dc.subject
INSOLVENCY
dc.subject
INSOLVENCY LAW
dc.subject
INSOLVENCY MECHANISMS
dc.subject
INSOLVENCY PROFESSIONALS
dc.subject
INSOLVENCY REGIME
dc.subject
INSOLVENT
dc.subject
INSOLVENT BUSINESS
dc.subject
INSTITUTIONAL CAPACITY
dc.subject
INTELLECTUAL PROPERTY
dc.subject
INTERESTED PARTIES
dc.subject
INTERNATIONAL BUSINESS
dc.subject
INTERNATIONAL STANDARDS
dc.subject
INVENTORY
dc.subject
INVESTMENT CLIMATE
dc.subject
INVESTMENT DECISIONS
dc.subject
INVESTMENT VEHICLES
dc.subject
JUDGES
dc.subject
JUDGMENTS
dc.subject
JURISDICTIONS
dc.subject
KINDS OF ASSETS
dc.subject
LEGAL FRAMEWORK
dc.subject
LEGAL MECHANISMS
dc.subject
LIMITED ACCESS
dc.subject
LIQUIDATION
dc.subject
LIQUIDATION LAW
dc.subject
MEDIUM ENTERPRISES
dc.subject
MOVABLE ASSETS
dc.subject
MOVABLE COLLATERAL
dc.subject
MOVABLE PROPERTY
dc.subject
NEGOTIATION
dc.subject
NON-PERFORMING LOANS
dc.subject
OUT-OF-COURT WORKOUT
dc.subject
OUT-OF-COURT WORKOUTS
dc.subject
PRIORITY OF CLAIMS
dc.subject
PRIVATE SECTOR
dc.subject
PRIVATE SECTOR DEVELOPMENT
dc.subject
REAL ESTATE
dc.subject
RECEIVABLES
dc.subject
REFORM PROGRAM
dc.subject
REGISTERED SECURITY
dc.subject
REGISTRATION SYSTEM
dc.subject
REGISTRIES
dc.subject
REGISTRY SYSTEMS
dc.subject
REGULATORY INFRASTRUCTURE
dc.subject
RELIABILITY
dc.subject
REORGANIZATION
dc.subject
RESTRUCTURING PLANS
dc.subject
RESULT
dc.subject
RETENTION
dc.subject
RETURN
dc.subject
SEARCHES
dc.subject
SECURITY INTEREST
dc.subject
SECURITY INTERESTS
dc.subject
SOUND ASSET
dc.subject
SOURCES OF INCOME
dc.subject
START-UP
dc.subject
STRONG CREDITOR RIGHTS
dc.subject
SUSTAINABLE DEVELOPMENT
dc.subject
SUSTAINABLE INVESTMENT
dc.subject
TRADING
dc.subject
TRANSACTIONS LAW
dc.subject
TRANSPARENCY
dc.subject
VALUATIONS
dc.title
Kuwait : Fostering Sustainable Investment through Modern Commercial Law Systems
en
okr.date.disclosure
2013-04-23
okr.doctype
Publications & Research :: Brief
okr.doctype
Publications & Research
okr.docurl
http://documents.worldbank.org/curated/en/2013/04/17617974/kuwait-fostering-sustainable-investment-through-modern-commercial-law-systems
okr.globalpractice
Finance and Markets
okr.globalpractice
Transport and ICT
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000356161_20130423144455
okr.identifier.internaldocumentum
17617974
okr.identifier.report
76883
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2013/04/23/000356161_20130423144455/Rendered/PDF/768830BRI0KW0QN930Box0377287B00PUBLIC0.pdf
en
okr.region.administrative
Middle East and North Africa
okr.region.country
Kuwait
okr.topic
Private Sector Development :: E-Business
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Private Sector Development :: Emerging Markets
okr.topic
Finance and Financial Sector Development :: Access to Finance
okr.topic
Finance and Financial Sector Development :: Bankruptcy and Resolution of Financial Distress
okr.unit
Finance & Private Sector Dev. (MNSF1)
okr.volume
1 of 1

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