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Legal Training for Bankruptcy Practitioners

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Introducing the Program

The training program for bankruptcy practitioners consists of a variety of training and qualification tools, such as self-study training workshops that aims to provide the trainee with a range of basic knowledge, skills and attitudes that enables the trainee to work in the bankruptcy field. The program is considered one of the professional qualification requirements necessary to obtain an officeholder and an expert license (click here to view the professional qualification requirements)

Themes of the Program

Legal Training (Level one):

The First Theme: Basic Concepts of Rights and Liabilities

This theme includes working on bankruptcy cases, treating debts from various sources, looking into miscellaneous claims, reviewing contracts to deal with them, terminate them or apply for termination. This requires a brief understanding of the basic concepts of rights and liabilities. Therefore, this theme gives a preliminary glimpse of types of rights, sources of liability, its description, effects, and termination.

Theme objectives:

  1. Understand the public assets of rights and liabilities.
  2. Know the types of rights and the sources of liability.
  3. Know the description, effects, and the termination of the liability.
  4. Know the applications of rights and liabilities in bankruptcy procedures.

The Second Theme: The Basic Concepts of Litigation and Methods of Proof (15%)

Bankruptcy procedures are not adversarial in their traditional sense, but in some respects, they may involve an adversarial nature that ends with a constitutive or declaratory judgment. Therefore, this theme reviews the concepts of litigation, methods of proof and link it to bankruptcy procedures.

Theme objectives:

  1. Know the basic principles of litigation and understand its practical effects (freedom to resort to the law, judicial confrontation, right of defense, equality between opponents, openness, speed, effectiveness, status, and interest litigation).
  2. Understand methods of proof (burden of proof, writing, testimony, interrogation, examination, oath, evidence, experience, and res judicata).
  3. The ability to link between concepts of litigation, methods of proof and bankruptcy procedures.

The Third Theme: Bankruptcy Procedures

This theme introduces the main bankruptcy procedures which are: protective settlement procedure, financial restructuring procedure and liquidation procedure, as well as sub procedures such as small debtors' procedures and administrative liquidation procedure and explain the features and situations of each procedure. As well as conditions that must be provided to commence any of the procedures, the related provisions, and their implications.

Theme objectives:

  1. Understand the bankruptcy regulatory framework and the different levels of regulatory frameworks, as well as how to look into them.
  2. Determine the scope of Bankruptcy Law application and the limits of the substantial, personal, spatial, and temporal jurisdiction of the Bankruptcy Law.
  3. Understand the bankruptcy procedures that are stipulated under the Law, and the purpose of regulating them as well as know about the returns they generally bring to the investment environment and their characteristics.
  4. The ability to choose the appropriate bankruptcy procedure based on an analysis of the investment company's status, and the economic impact on the company as well as identify the company's needs.
  5. Know the privacy of the bankruptcy court compared to other courts and the impact this has on the management of bankruptcy procedures.

 

Legal Training (Level two):

The First Theme: The Features of Protective Settlement Procedure and the Officeholder's Role.

Both protective settlement procedures have something in common, where in both procedures the debtor can continue running their business, which requires the debtor to be knowledgeable in the details of these two procedures and distinguish the role of the officeholder in both procedures. This theme will go over the features of the protective settlement procedure and the related tasks of the officeholder.

Theme objectives:

  1. Understand the main features, terms, conditions, and governance in both protective settlement and small debtor's protective settlement procedures.
  2. Understand the limits of the officeholder's jurisdiction and their role and power in the protective settlement procedure, as well as the best practices in carrying out the tasks, especially in tasks related to the annotation of the proposal, the preparation of reports such as the reports of contract termination and reports of the likelihood of creditors approving the proposal.
  3. The ability to apply the best behavioral attitudes related to the officeholder's role in the protective settlement procedure.

 

The Second Theme: The Features of Financial Restructuring Procedure and the Officeholder's Role.

Good management of the financial restructuring procedure requires a deep understanding of its philosophy and its objectives, so the officeholder can use it when applying regulations related to regulatory treatment and seeks to take the best management methods that achieve the objectives of the procedure. This theme will go over the main concept of financial restructuring procedure and how different it is from other bankruptcy procedures, as well as its terms, conditions, and its impact.

 

Theme Objectives:

  1. Understand the main features, terms, conditions, and governance in the financial restructuring procedure.
  2. Understand the difference between financial restructuring procedure and small debtors' restructuring procedure.
  3. Understand the limits of the officeholder's jurisdiction their role and power in the financial restructuring procedure.

 

The Third Theme: The Features of Liquidation Procedure and the Officeholder's Role.

Good management of the liquidation procedure requires a deep understanding of its philosophy and its objectives, so the officeholder can use it when applying regulations related to regulatory treatment and seeks to take the best management methods that achieve the objectives of the procedure. This theme will go over the main concept of financial restructuring procedure and how different it is from other bankruptcy procedures, as well as its terms, conditions, and its impact.

Theme Objectives:

  1. Understand liquidation procedure's position and distinction from the rest of the procedures regulated by the Bankruptcy Law.
  2. Understand the main features, terms, conditions, and governance in the liquidation procedure.
  3. Understand the difference between liquidation procedure, small debtors' liquidation procedure, and administrative liquidation.
  4. Understand the limits of the officeholder's jurisdiction and their role and power in the liquidation procedure.

The Fourth Theme: Professional Behavior

For the implementation of the Bankruptcy Law and its procedures to be successful, the values of professional conduct need to be applied, which means that the practices must be objective, transparent, confidential, with professional competence and due diligence.

Theme Objectives:

  1. Understand the behavioral values of officeholder and experts.
  2. The ability to apply the code of professional conduct for officeholders and experts in practical situations.
  3. The ability to differentiate between pre-appointment situations and post-appointment situation as well as avoid breaching behavioral values.

Management, Drafting, and Research Training

The First Theme: Managing Financial Restructuring Procedures

This training level includes the best practices in managing financial restructuring procedures, and how to manage it in an effective and precise way that achieves great and successful results. This training also trains the officeholder to draft decision and reports, as well as search for solutions for any practical issues they encounter.

The Second Theme: Managing Liquidation Procedures

This training level includes the best practices in managing liquidation procedures, and how to manage it in an effective and precise way that achieves great and successful results. This training also teaches the officeholder to draft decisions and reports, as well as search for solutions for any practical issues they encounter. 


Target

  1. Those interested in obtaining a bankruptcy officeholder license.
  2. Those interested in obtaining an expert license.
  3. Practicing professionals whose work is related to the bankruptcy field.


Structure of the Test

Th​​emePercentage
The First Theme: Conceptual Framework for Financial Reporting
(25%)
The Second Theme: The Accounting Cycle(25%)
The Third Theme: Form and Content of Financial Statements
(25%)
The Fourth Theme: Financial Analysis and the Role of External Auditors in Increasing Confidence in Financial Statements
(25%​)
Total(100%)​

Program Certification

​Attendance Certificate: The trainee is granted an attendance certificate, on the condition that the trainee does not miss (75%) of the course.

Pass Certificate: The trainee is granted a pass certificate on the condition that the trainee attends and achieves a (60%) grade on the exam. Passing the program is one of the requirements to obtain an officeholder's or expert's license.


Program Duration

4 training days 8 hours a day. ​​​​


Training Courses