{"id":632977,"date":"2018-02-25T04:06:51","date_gmt":"2018-02-25T04:06:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/25\/bankruptcy-act-now-the-law-of-the-land\/"},"modified":"2018-02-25T04:06:51","modified_gmt":"2018-02-25T04:06:51","slug":"bankruptcy-act-now-the-law-of-the-land","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/25\/bankruptcy-act-now-the-law-of-the-land\/","title":{"rendered":"Bankruptcy Act now the law of the land"},"content":{"rendered":"

<\/a> LEGISLATION WATCH- Bankruptcy Act now the law of the land:<\/strong> The Bankruptcy Act, which passed in the House of Representatives last month<\/a>, is now officially the law of the land after it was published on the Official Gazette on Thursday<\/a>. The Act effectively decriminalizes bankruptcy by abolishing prison sentences and allows companies more time and options for restructuring by introducing mechanisms to help settle commercial disputes outside the courtroom and simplify bankruptcy proceedings. Special bankruptcy courts to arbitrate on these cases are now being formed<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

LEGISLATION WATCH- Bankruptcy Act now the law of the land: The Bankruptcy Act, which passed in the House of Representatives last month, is now officially the law of the land after it was published on the Official Gazette on Thursday. The Act effectively decriminalizes bankruptcy by abolishing prison sentences and allows companies more time and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-632977","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"32cbe9cc-40ab-407c-9bc6-7f6e87a9cc87","order":"0","is_powered_by":true,"section_story_id":"2d4745ab-f03d-49c8-aa16-005505c5db35","story_type":"1","photo_url":"","photo_position":"above","related_issue":[632966],"teaser":"","voice_url":""},"yoast_head":"\nBankruptcy Act now the law of the land - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/02\/25\/bankruptcy-act-now-the-law-of-the-land\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bankruptcy Act now the law of the land\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- Bankruptcy Act now the law of the land: The Bankruptcy Act, which passed in the House of Representatives last month, is now officially the law of the land after it was published on the Official Gazette on Thursday. 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The bill, a key element of the Sisi administration\u2019s economic\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649932,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/13\/a-copy-of-the-bankruptcy-act-is-out\/","url_meta":{"origin":632977,"position":1},"title":"A copy of the Bankruptcy Act is out","author":"enterpriseam admin","date":"13 March 2017","format":false,"excerpt":"A copy of the Bankruptcy Act is out: A copy of the Bankruptcy Act, which is currently being reviewed by the Council of State (Maglis Al Dawla), has made it to the press. You can view the full text here, courtesy of Al Borsa. The law, which creates a clear\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634911,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/29\/house-of-representatives-passes-bankruptcy-act\/","url_meta":{"origin":632977,"position":2},"title":"House of Representatives passes Bankruptcy Act","author":"enterpriseam admin","date":"29 January 2018","format":false,"excerpt":"LEGISLATION WATCH- The House of Representatives voted yesterday to approve the long-awaited Bankruptcy Act in a plenary session, Youm7 reports. The Act effectively decriminalizes bankruptcy by abolishing prison sentences and allows companies more time and options for restructuring by introducing mechanisms to help settle commercial disputes outside the courtroom and\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":631058,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/08\/bankruptcy-act-refresher-from-sharkawy-sarhan\/","url_meta":{"origin":632977,"position":3},"title":"Bankruptcy Act refresher from Sharkawy & Sarhan","author":"enterpriseam admin","date":"8 March 2018","format":false,"excerpt":"Need a refresher on the Bankruptcy Act? Our friends at Sharkawy & Sarhan have put together a handy primer on the recently enacted legislation, which effectively decriminalizes bankruptcy, creating a \u201cwin-win situation for all the related parties in the bankruptcy process.\u201d","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":636959,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/05\/further-amendments-to-the-bankruptcy-act-signals-delays-in-passing-the-law\/","url_meta":{"origin":632977,"position":4},"title":"Further amendments to the Bankruptcy Act signals delays in passing the law","author":"enterpriseam admin","date":"5 November 2017","format":false,"excerpt":"The government appears to want to make amendments to the Bankruptcy Act \u201cduring the current House session,\u201d officials from the Justice Ministry tell AMAY. 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