Nottingham Law School academic appointed expert for law reform initiative in Armenia

Professor Paul Omar, a member of the Centre for Business and Insolvency Law, recently flew to Armenia to attend a meeting on 17 December, 2014, hosted at the Council of Europe's premises in Yerevan.

Professor Paul Omar
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Professor Paul Omar

Professor Paul Omar, a member of the Centre for Business and Insolvency Law, recently flew to Armenia to attend a meeting on 17 December, 2014, hosted at the Council of Europe's premises in Yerevan.

The meeting, which was opened by the Deputy Minister of Justice, involved insolvency practitioners, members of the judiciary and policy makers, as well as representatives of the banking industry. It was convened to consider an assessment made by the World Bank titled 'Resolving Insolvency in Armenia' issued on 9 June, 2014, and to discuss further measures that might be taken. The assessment focused on a number of legal and regulatory reforms aimed at improving the functioning of the insolvency system and the work of insolvency practitioners in that country.

Coincidentally, the Council of Europe and European Commission have been jointly working on a project titled 'Strengthening the Independence, Professionalism and Accountability of the Justice System in Armenia', in which the reform of key legislative texts is seen as an integral component of a first phase of project work taking place in 2015-2016.

In this context, Professor Omar's role is to advise on the compliance of the reforms set out in the assessment with European norms. Both the European Commission and the Council of Europe, the latter of which Armenia has been a member of since 2001, are keen to ensure that reforms are targeted at improving the legislative and regulatory infrastructure in Armenia, in which insolvency law is seen as playing a major role in improving access by debtors to recovery measures and recovery by creditors in the event of business failure.

Professor Omar has worked since 2012 as a consultant to the World Bank engaged in reforms in a number of developing and emerging jurisdictions. In that capacity, he is well placed to advise on the reforms that are to take place in Armenia. It is also a major achievement for the Centre for Business and Insolvency Law, which has an international reputation as a focus for specialist research and teaching.

Nottingham Law School academic appointed expert for law reform initiative in Armenia

Published on 9 January 2015
  • Category: Research; Nottingham Law School

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