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He is a former president of R3, the trade body for insolvency practitioners, and is an active member of Insol, which is the world's leading insolvency association.
Vietnam s move to license insolvency practitioners is an important step that is in line with good practice in major economies such as the United Kingdom, France, Japan, China and Russia, said Neil Cooper, former president of INSOL International.
The two-day Third Regional Judicial and Financial Colloquium on Insolvency and Restructuring in the Middle East and North Africa was held in the emirate, which was organised by the Hawkamah Institute in partnership with the Dubai Economic Council, or DEC, in collaboration with the Dubai Judicial Institute, Insol International and the World Bank Group.
Euro INSOL was appointed the judicial administrator.
Rescue proceedings shouldn't be seen as free ride for people who are useless at their job - they should be seen as a way of getting the business, and all the employees who rely on that business, in the hands of people who are competent," said Gordon Stewart, president of insolvency organisation INSOL.
The two-day event is being held in partnership with the Abu Dhabi Council for Economic Development (ADCED), DIFC Courts, Dubai Judicial Institute, European Bank For Reconstruction and Development, ICAEW Middle East, INSOL International and The World Bank Group.
In addition to the International Actuarial Association (IAA), the membership of the Task Force includes: International Federation of Accountants (IFAC, that also provided logistical and administrative support for the task force), CFA Institute (CFAI); INSOL International; Institute of International Finance (IIF); International Accounting Standards Board (IASB); International Corporate Governance Network (ICGN); International Insurance Society (IIS); and International Valuation Standards Council (IVSC).
6 Cloud Foam CMC Surface Point 1% Height Tension Aq Soln (Ross 1% Aq Miles) 1 Alcohol Ethoxylate, 3 EO CP<20 Insol Insol Insol Insol 2 Alcohol Ethoxylate, EO 5 CP<20 Disp Disp Disp Disp 3 ECOSURF[TM] LF-20 Surfactant 20 25/2 24 35 4 Low-Foam Surfactant CP 21 21 44/4 24 31 5 Low-Foam APEO Surfactant CP 30 30 -- 75 36 6 ECOSURF LF-30 Surfactant 32 100/12 25 30 7 Alcohol Ethoxylate, EO 8 CP 36 36 130/22 800 37 8 Low-Foam Surfactant CP 40 40 106/6 24 31 [TM] Registered trademark of The Dow Chemical Company ("Dow") or an affiliated company of Dow.
In this regard, Hawkamah, along with the World Bank, IFC, OECD and INSOL International, has launched a regional Forum on Insolvency Reforms in Mena (FIRM), with an aim to engage, educate and inform stakeholders about the reform process and serve as a platform for sharing the international and regional best practices.
Salerno is a member of INSOL, as well as a member of the board of directors and the executive committee of the American Bankruptcy Institute and the American Bankruptcy Board of Certification, Inc.
n Support the launch of the Forum for Insolvency Reform (FIRM) in the region (created by the Hawkamah Institute for Corporate Governance, the OECD, the World Bank and INSOL International) and encourage it to provide support to policymakers in the region.
Supported by the World Bank, INSOL International, OECD, UNCITRAL and others, the FIRM is a regional multi-stakeholder initiative to share international and regional practices in designing and modernising insolvency and restructuring frameworks for the region.