{"id":636959,"date":"2017-11-05T03:44:20","date_gmt":"2017-11-05T03:44:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/05\/further-amendments-to-the-bankruptcy-act-signals-delays-in-passing-the-law\/"},"modified":"2017-11-05T03:44:20","modified_gmt":"2017-11-05T03:44:20","slug":"further-amendments-to-the-bankruptcy-act-signals-delays-in-passing-the-law","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/05\/further-amendments-to-the-bankruptcy-act-signals-delays-in-passing-the-law\/","title":{"rendered":"Further amendments to the Bankruptcy Act signals delays in passing the law"},"content":{"rendered":"

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<\/a>. The source did not state what these amendments would be. We anticipate that the move would further delay passing the long-awaited act \u2014 a key economic legislation could make it possible for companies to request time to re-structure under US \u201cchapter 11\u201d style bankruptcy protection. The bill had been with Parliament since the last session, and is currently being reviewed<\/a> by the House Legislative Committee before being passed on to the Economic Committee.<\/p>\n","protected":false},"excerpt":{"rendered":"

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. The source did not state what these amendments would be. We anticipate that the move would further delay passing the long-awaited act \u2014 a key economic legislation could make it possible […]<\/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":[9344],"tags":[72,2375],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-636959","post","type-post","status-publish","format-standard","hentry","category-legislation-policy","tag-enterpriseam","tag-legislation-policy","wpautop","entry"],"acf":{"mongo_id":"bc227864-2587-4694-8fac-8325bb9d90cd","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[636917],"teaser":"","voice_url":""},"yoast_head":"\nFurther amendments to the Bankruptcy Act signals delays in passing the law - 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\/2017\/11\/05\/further-amendments-to-the-bankruptcy-act-signals-delays-in-passing-the-law\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Further amendments to the Bankruptcy Act signals delays in passing the law\" \/>\n<meta property=\"og:description\" content=\"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. The source did not state what these amendments would be. We anticipate that the move would further delay passing the long-awaited act \u2014 a key economic legislation could make it possible […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/05\/further-amendments-to-the-bankruptcy-act-signals-delays-in-passing-the-law\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-05T03:44:20+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/05\/further-amendments-to-the-bankruptcy-act-signals-delays-in-passing-the-law\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/05\/further-amendments-to-the-bankruptcy-act-signals-delays-in-passing-the-law\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Further amendments to the Bankruptcy Act signals delays in passing the law\",\"datePublished\":\"2017-11-05T03:44:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/05\/further-amendments-to-the-bankruptcy-act-signals-delays-in-passing-the-law\/\"},\"wordCount\":107,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Legislation + Policy\"],\"articleSection\":[\"Legislation + Policy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/05\/further-amendments-to-the-bankruptcy-act-signals-delays-in-passing-the-law\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/11\/05\/further-amendments-to-the-bankruptcy-act-signals-delays-in-passing-the-law\/\",\"name\":\"Further amendments to the Bankruptcy Act signals delays in passing the law - 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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":575556,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/19\/house-legislative-committee-greenlights-bankruptcy-act-amendments\/","url_meta":{"origin":636959,"position":1},"title":"House Legislative committee greenlights Bankruptcy Act amendments","author":"enterpriseam admin","date":"19 October 2020","format":false,"excerpt":"LEGISLATION WATCH- Changes to the Bankruptcy Act that would give creditors more power to decide the future of bankrupt businesses received approval from the House Legislative Committee yesterday, reports Al Shorouk. The amendments, as they stand, would also allow debtors to request bankruptcy protection, among other things. They should now\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":601343,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/26\/parliament-committee-approves-economic-courts-act-amendments\/","url_meta":{"origin":636959,"position":2},"title":"Parliament committee approves Economic Courts Act amendments","author":"enterpriseam admin","date":"26 February 2019","format":false,"excerpt":"LEGISLATION WATCH- House committee gives nod to widening the jurisdiction of economic courts: The House of Representatives\u2019 Legislative Committee has approved amendments to the Economic Courts Act that aim to expand the scope of the nation\u2019s economic courts to cover new business and finance activity. The measures will also expedite\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":634238,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/house-gives-preliminary-nod-to-bankruptcy-act\/","url_meta":{"origin":636959,"position":3},"title":"House gives preliminary nod to Bankruptcy Act","author":"enterpriseam admin","date":"10 January 2018","format":false,"excerpt":"LEGISLATION WATCH- House gives preliminary nod to Bankruptcy Act: The House of Representatives gave a preliminary nod to the Bankruptcy Act during a session of the general assembly yesterday that saw Investment Minister Sahar Nasr in attendance, Al Mal reports. 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":648223,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/31\/house-council-of-state-and-policymakers-are-in-a-sprint-to-the-summer-recess-finish-line\/","url_meta":{"origin":636959,"position":4},"title":"House, Council of State and policymakers are in a sprint to the summer recess finish line","author":"enterpriseam admin","date":"31 May 2017","format":false,"excerpt":"RACE TO THE FINISH: The passage this week of the stamp tax comes as MPs and other state officials kicked off a race to finish work on key pieces of economic legislation before they go on summer recess on 30 June. 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