07/03/2024

Early March, the International Finance Corporation (IFC), in collaboration with the Jordanian Judicial Council, conducted a specialized three-day training for Jordanian judges on insolvency at the Dead Sea. This training is part of the program to support the implementation of the insolvency system in Jordan, implemented by the IFC in cooperation with the Reform Secretariat at the Ministry of Planning and International Cooperation, and Companies Control Department at the Ministry of Industry, Trade and Supply, and funded by the Jordan Growth Multi-Donor Trust Fund and the Micro, Small, and Medium Enterprise Technical Assistance Facility for the Middle East and North Africa. This training was conducted in partnership with the governments of the UK, Netherlands, Canada, Germany, Norway, and Sweden.

A total of 29 judges participated in the training, including 8 female judges, with the aim of enhancing their expertise and proficiency in the national insolvency system and international best practices. The training was led by three specialized international trainers, providing a comprehensive overview of various aspects of insolvency proceedings. Topics covered included Insolvency Initiation, Preliminary Measures, and the Effects of Commencement, Liquidation and Cross Border Insolvency among others.

This training program followed a previous virtual training on general insolvency concepts, paving the way for a deeper exploration of specific topics. Moving forward, the IFC has developed a comprehensive training manual for judges, focusing on legislation and the national insolvency system. It is expected that this manual will become a training reference for judges on this important topic.