lxxxv Jordan Interview with CCD.

> lxxxvi _MENA Report_ , Chapter 14 Saudi Arabia

> lxxxvii _MENA Report_ , Chapter 16 Yemen. The fact that cultural issues or Shari‟a considerations inhibit out-of-court restructuring is in contrast to the rest of the MENA countries in the _MENA Report,_ most of which report that there are no cultural or Shari‟a barriers and that consensual agreements are supported by the business environment.

> lxxxviii Landon Thomas, “Dubai World Reaches Deal to Restructure Debt”, _New York Times,_ May 20, 2010. http://www.nytimes.com/2010/05/21/business/global/21dubai.html?ref=world

lxxxix“Dubai World Agrees Headline Economic Terms in Principle with Coordinating Committee”, article dated May 20, 2010, posted at Dubai World online media/press centre on Sunday June 6, 2010, http://www.dubaiworldmedia.net/2010/05/82971502.html

> xc _MENA Report,_ Chapter 6 DIFC

xci The Zakat (a form of tithe) is paid annually by Saudi individuals and companies within the provisions of Islamic law as laid down by Royal Decree No. 17/2/28/8634 dated 29/6/1370 H. (1950). The Zakat is an annual flat rate of 2.5 percent of the assessable amount. http://www.the-saudi.net/business-center/regulation-tax.htm. xcii <u>Uncitral Legislative Guide on Insolvency Law, Part One: II. B. Voluntary Restructuring Negotiations 1.</u> Necessary preconditions, pages 22-3. xciii _MENA Report_ , Ch. 1 The MENA Region‟s First Regional Survey on Insolvency Systems, Chapter 5 The Need for Insolvency System Reform.

> xciv _MENA Report,_ Chapter 5 The Need for Insolvency in the MENA Region and Beyond, Chapter 6 DIFC,Chapter 7 Egypt, Chapter 9 Kuwait, Chapter 11 Oman, Chapter 12 Palestine, Chapter 14 Saudi Arabia.

> xcv _MENA Report,_ Chapter 5 The Need for Insolvency System Reforms in the MENA Region xcvi Esteban C. Buljevic, “The workout decalogue: the new global approach to debt restructurings”, Chapter 1, _Cross-Border Debt Restructuings: Innovative Approaches for Creditors, Corporates and Soveraigns,_ Euromoney Books, June 1, 2005, page 8. xcvii http://www.arabianbusiness.com/552557-stimulus-package-finally-gets-go-ahead-in-kuwaitxcviii Jordanian Deposit Insurance Corporation Law, Article 59. xcix Commercial Code of the Republic of France, Book VI Businesses in Difficulty, Article 611-3.

c Frederic Cohen, Courtois Lebel, “Restructuring a French Company‟s Liabilities, How the Law Can Help”, www.alfainternational.com/.../Restructuring%20a%20Frech%20Companys%20Liabilities%20How. ci Commercial Code of the Republic of France, Book VI Businesses in Difficulty, Article 611-4 to 10. cii Jordan stakeholder interviews.

> ciii _MENA Report_ , Chapter 14 Saudi Arabia

> civ _MENA Report_ , Chapter 6 DIFC cv World Bank Principles D1.2

> cvi _Doing Business 2009_ , Closing a Business, page 55, Figure 11.3.

cvii “Caveat Emptor: What Consumers of Insolvency Law Regimes Need to Know” _,_ by Mahesh Uttamchandani, Ronald Harmer, Neil Cooper and Irit Ronen-Mevorach, _International Insolvency Review,_ Vol. 14: 187-199, 2005, pages 195-7. cviii Observations by experts and reformers on the ground. For example, in Egypt, commercial courts, or circuits have been created, but some of the judges that received donor-sponsored training on commercial subjects were subsequently transferred out of the commercial circuits.

> cix _Financial Sector Reforms and Prospects for Financial Integration in Maghreb Countries,_ IMF Working Paper, WP/07/125, May 2007, and information from reformers who worked in Egypt.

> cx _MENA Report,_ Chapter 6 DIFC, Chapter 9 Kuwait, Chapter 10 Lebanon, Chapter 11 Oman

> cxi _UNCITRAL Legislative Guide on Insolvency,_ III. B. The insolvency representative, page 174.

> cxii _Doing Business 2009_ , Closing a Business, page 55, Figure 11.3.

> cxiii _MENA Report,_ Chapter 5 The Need for Insolvency Systems Reform in the MENA Region

cxiv Commercial Code of Morocco Article 568.3; observations of a reformer working in Egypt regarding current trustee system.

> cxv _MENA Report,_ Chapter 8 Jordan, Chapter 10 Lebanon, Chapter 13 Qatar, Chapter 15 UAE, Chapter 16 Yemen.

> cxvi _MENA Report,_ Chapter 6.

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