Press release Cairo, Egypt December 13, 2007 _____________________________________________________________ IDLO Arab Regional Office “The Ibrahim Shihata Center” Closing ceremony of EILC-2A “Enterprise and Investment Lawyers Course” November 11- December 13, 2007 On Thursday December 13, IDLO Arab Regional Office “The Ibrahim Shihata Center” will celebrate closing ceremony of EILC-2A “Enterprise and Investment Lawyers Course”. The ceremony will bring together representatives from various embassies of the countries represented in this course (Jordan, Tunisia, Mauritania, Syria, Yemen, Sudan, Kuwait, Egypt), in addition to representatives from Egyptian ministries and authorities. The 10 senior experts, who addressed the participants on various topics, are from Tunisia, Lebanon, Morocco and Egypt Objectives of this course are to assist legal professionals from both public and private sectors to better their understanding in terms of the economic basis of the legal framework of investment and economic enterprises in the light of the new role of State and globalization’s requirements; to cope with various aspects of the new legal framework, with the possibility of modifying and developing national laws for achieving an enabling environment for business to attract and enhance national and foreign private investment; to negotiate to conclude bilateral agreements with a view to achieve reasonable and fair relationship based on balancing between public and private interests, and ensuring legal rights of investors; draft arbitration clauses in investment contracts and agreements, and how to deal with disputes that may be instituted before arbitration bodies; increase efficiency of role played by private sector and find out models of partnerships between public and private sectors in order to boost investment and enterprises; set up enterprises pursuant to modern legal system of commercial companies and rules of corporate governance; investment and enterprises development policy should be accompanied by developed or amended competition law and policy IDLO Arab Regional Office “The Ibrahim Shihata Center”. with a view to curb the restrictive commercial practices; use various ways of funding private projects and companies through loans and financial markets; analyze the financial statements of institutions and investment enterprises; link up investment and trade within the framework of the WTO Doha Development Round Agenda. A field visit to the General Authority for Investment was organized to enable participants access to the Egyptian pilot experiment in terms of the one step stop. IDLO (International Development Law Organization) is an international, inter-governmental organization with a mandate to promote the Rule of Law and good governance in developing countries, countries in economic transition and countries emerging from post- conflict situations. Since its establishment in 1983, IDLO has contributed to the training of more than 17,000 lawyers, magistrates and officials from approximately 176 countries. IDLO has its Headquarters in Rome, Italy and two Regional Offices; in Cairo, Egypt, covering Arabic-speaking countries and in Sydney, Australia, covering the Asia Pacific area. IDLO is funded by contributions from its 18 Member States and other donors. www.idlo.int IDLO Arab Regional Office “The Ibrahim Shihata Center”.
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