Bahrain: Reorganisation and Bankruptcy Law Amendments Issued
Bahrain’s King has issued Bahrain Decree-Law No. 25/2020 amending Bahrain Law No. 22/2018 on reorganisation and bankruptcy. Under the amendments, Article 19 of Bahrain Law No. 22/2018 has been amended to read ‘The debtor and the creditor and every other party that has interest in the case has the right to participate in the bankruptcy procedures and in obtaining, from the court of the bankruptcy trustee, the information related to the debtor’s business and his financial affairs and the taken procedures and the measures and that is all pursuant to the provisions of the law’. Article 30(b) of Bahrain Law No. 22/2018, Article 33(a) of Bahrain Law No. 22/2018 and Article 33(b) of Bahrain Law No. 22/2018 have also been amended. The Prime Minister and relevant Ministers will be responsible for enforcing the Decree-Law which will come into force on the day after its publication in the Official Gazette.