Newton Legal presents on the new Reorganisation and Bankruptcy Law

Newton Legal Group presented on the Reorganisation and Bankruptcy Law which came into effect in December 2018 at an event hosted by the American Chamber of Commerce of Bahrain at the Capital Club on Wednesday 20 March.

The new law establishes a radically different court run system which enables Bahrain companies in financial difficulty to reorganize their debts and raise new finance.

Aamal Al Abbasi, Managing Partner of Newton Legal, gave a summary of the Law and answered numerous questions. Aamal has practical experience of the new law as Newton Legal is already appointed by a large company which has entered into reorganization.

Senior representatives from EDB also attended the event and spoke on other new business laws in Bahrain.