ABA's Participation in CLDP Finance Law Workshop, Dubai
Date: May 23-25, 2016
Afghanistan Banks Association's Participation in CLDP Finance Law Workshop, Dubai
The United States Department of Commerce Commercial Law Development Program (CLDP) with coordination of Afghanistan Banks Association (ABA) organized the Finance Law Workshop/Debt Recovery in Dubai, UAE during May 23-25, 2016.
Mr. Mukesh Verma, ABA Chairman, Mr. Ahmad Javed Wafa, ABA Vice Chairman and Mr. Najibullah Amiri ABA Executive Director as representatives of Afghanistan banking sector, delegations of Afghan government officials from the Ministry of Justice, Ministry of Finance, Da Afghanistan Bank (DAB), Financial Disputes Resolution Commission (FDRC), Kabul Bank Receivership, representatives of international organizations and private sector attended the workshop. This workshop was a follow up of the first Finance law workshop held in Delhi, India during November 09-11, 2015 by CLDP.
The goal of this workshop was to build legal capacity in understanding finance law and enforcement mechanisms that enable debt recovery.
In the workshop, Legal experts provided an introduction to finance, best practices in international banking governance, and the importance of enforcement mechanisms in debt recovery. This program was part of a multi-phase program that included participants from the working group involved in drafting legislation to improve the commercial legal framework surrounding banking laws and secured lending in Afghanistan, as well as possibility of creating alternative enforcement mechanisms.
In conclusion, after 3 days discussions, the working group decided that more meetings will be conducted amongst the Afghan delegates in ABA at Kabul. Mr. Rasoli Senior Advisor to the Ministry of Justice and Mr. Amiri ABA Director were appointed as the Chairman and vice chairman /coordinator of the working group. The 1st meeting will be held 1st week of June.
