Bankruptcy rules in Bahrain, though new, are in line with international practices, affirmed Justice, Islamic Affairs and Endowments Minister Shaikh Khalid bin Ali Al Khalifa.
He was addressing the Shura Council during a debate on the 2018 Bankruptcy Law at the chamber’s weekly session yesterday.
He added that the law, in implementation for three years now, has been drawn up in collaboration with the legislators.
The members were debating on an amendment related to taking money from the family of a deceased bankrupt individual to repay lenders.
“Money to repay lenders or those owed payments could be taken unless the deceased has stated otherwise in his will; it is someone’s else money that can’t be touched,” the ministry has stated.
“The new article was added a year ago to ensure rights are not lost.”
However, the members followed MPs and unanimously rejected the amendment originally presented by the Shura Council.
Meanwhile, the chamber postponed debate on a proposed amendment to the 1989 Human Medicine and Dentistry Law that would see all medics, including support staff, insured against errors.
This came as National Health Regulatory Authority chief executive Dr Mariam Al Jalahma had to leave the chamber on urgent business.
Also postponed was a debate on inserting a new article into the 2002 Law Regulating Fishing, Exploitation and Protection of Marine Wealth that states: “Licences could be inherited by the family of a deceased fisherman on the condition that it is operated by a Bahraini.”
Works, Municipalities Affairs and Urban Planning Minister Essam Khalaf also had to leave on urgent business.
© Copyright 2020 www.gdnonline.com
Copyright 2021 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).