Bahrain plans bankruptcy law | ZAWYA MENA Edition:
"Bahrain's Shura Council will dedicate its session next week to debate the 195-article Bankruptcy Law.
Financial and economic affairs committee chairman Khalid Al Maskati said the law, which was approved unanimously by MPs last week, had flaws and that the committee would finalise its review by Wednesday ahead of next Sunday’s session.
Under the law, tough new penalties are on the way for people who fraudulently file for bankruptcy to avoid settling their financial commitments."
'via Blog this'
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