Commercial Law Development Program Office of General Counsel
United States Department of CommerceCLDPTEXT . MEPI IMPLEMENTING
PARTNER IMPROVING THE LEGAL ENVIRONMENT FOR BUSINESS WORLDWIDEThe
Commercial Law Development Program (CLDP), a program of the U.S.
Department of Commerce, is uniquely tasked with providing technical
assistance in the commercial law arena to the governments and
private sectors of transitional countries in support of their
economic development goals.http://www.cldp.doc.gov
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Developed commercial laws for Former Soviet Union countries to
enter free market economies
Work with nations all over the world including throughout the
Middle East and North Africa
CLDP experience all over the worldCLDPMEPI IMPLEMENTING
PARTNER
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.CLDP has focused on assisting legal systems in the Arabian
Peninsula to develop commercial laws that support economic
diversification and increased trade liberation.
Commercial law policy can support the growth of entrepreneurs in
the Arabian Peninsula.
CLDP focus in the Arabian PeninsulaCLDPMEPI IMPLEMENTING
PARTNER
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How does Commercial Law support Entrepreneurship?Commercial Law
can support entrepreneurship by developing mechanisms by which:1)
New companies are started2) Existing companies grow3) Creditors are
protected4) Transactions are enforcedMEPI IMPLEMENTING PARTNERCLDP
:
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Primary Commercial Laws1) Company Law and Corporate
Governance
2) Lending Law
3) Insolvency and Bankruptcy Law
4) Contract LawMEPI IMPLEMENTING PARTNERCLDP
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Company Law and Corporate Governance
.To support company startup and growth, a commercial legal
system needs to have a mechanism by which companies are recognized
and regulated by the government and investors.
.Need a system of supporting good company governance, to protect
stakeholders and lower the cost of financing to companies.:
Example: New Commercial Companies Laws and Corporate Governance
CodesMEPI IMPLEMENTING PARTNERCLDP
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Lending Law
.
To facilitate company growth and cost-effective financing, a
commercial legal system needs to maintain laws that will facilitate
the lowest cost lending possible to start-up as well as mature
companies. : .Example: Collateral Registry for movable as well as
real propertyMEPI IMPLEMENTING PARTNERCLDP
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Insolvency and Bankruptcy Law
.
If companies fail, the commercial legal system must have methods
of protecting and distributing assets to the creditors.
:
Example: Restructuring through bankruptcy proceedings
MEPI IMPLEMENTING PARTNERCLDP
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Contract Law .
In order to facilitate commercial transactions, the commercial
legal systems needs to maintain contract law that protects fair and
equitable business dealings.
: ) . ) .
Examples: a) the development of contracts such as through
electronic commerce laws and b) the enforcement of contracts such
as through arbitration laws and practicesMEPI IMPLEMENTING
PARTNERCLDP
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CLDP Contact Information
Commercial Law Development ProgramUS Department of Commerce1401
Constitution Ave., NW Stop 5875Washington, DC 20230Tel:
+1-202-482-2400Fax: +1-202-482-0006http://www.cldp.doc.gov
James FilpiSenior International
[email protected]
MEPI IMPLEMENTING PARTNERCLDP
