The House is expected to pass the long-awaited Bankruptcy Act at the start of its fall legislative term, House Legislative Committee MP Samy Ramadan tells Youm7. The committee is expected to begin its review of the bill — which would effectively decriminalize bankruptcy and could make it possible for companies to request time to re-structure under US “chapter 11” style bankruptcy protection — as soon as it reconvenes and is waiting for the Investment Act’s executive regulations to use as guidelines for their discussion.

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