This site contains information from January 2009-December 2014. Click HERE to go the CURRENT website.
Syndicate content

Blog Category: Commercial Law Development Program

General Counsel Welsh Promotes Commercial Law Development in Bahrain, Saudi Arabia

General Counsel Welsh promotes commercial law development in Bahrain, Saudi Arabia

U.S. Department of Commerce General Counsel Kelly Welsh met with government officials and business leaders in Bahrain and Saudi Arabia this week to strengthen ties with regional counterparts and to assess challenges U.S. businesses face in the those countries. The General Counsel’s Commercial Law Development Program (CLDP) organized the trip as part of ongoing efforts to improve the legal environment for American companies doing business in the Middle East.

The Crown Prince of Bahrain, His Royal Highness Prince Salman bin Hamad Al Khalifa welcomed General Counsel Welsh at the Riffa Palace, where they discussed the importance of strong economic ties between the United States and Bahrain. They also discussed steps taken to advance the commercial legal system in Bahrain, which will enhance the ease of doing business and attract foreign investment. His Excellency the Minister of Industry and Commerce Zayed Rashid Al Zayani commented during the meeting on the strong ties between the U.S. Department of Commerce’s CLDP and the Bahrain Ministry of Industry and Commerce. 

General Counsel Welsh focused on entrepreneurship developments in Bahrain at a roundtable with members of the business community, and offered suggestions on how to create a legal environment that is conducive to investment and growth. Welsh and the delegation also discussed ways to advance U.S. and international investments in Bahrain with representatives of the American Chamber of Commerce.

In Saudi Arabia, General Counsel Welsh discussed the role of the Saudi Arabian General Investment Authority (SAGIA) in modernizing commercial law in Saudi Arabia with His Excellency Abdullatif Al-Othman, governor of SAGIA, and His Royal Highness Prince Saud Al-Faisal.

General Counsel Welsh also met with the senior leadership of the Saudi Arabian Monetary Agency (SAMA), including Vice Governor Mr. Abdulaziz S. Al-Furaih. SAMA officials highlighted the Saudi bankruptcy law draft being circulated for review, and they noted steps the Saudi Arabian government is taking to promote anti-corruption. The SAMA officials indicated their desire to cooperate with CLDP on insolvency laws in the Kingdom. They also discussed ways to enhance the climate for investments in the United States by Saudi Arabian entities and individuals.

Africa Leaders’ Summit “Driving Investment in Power Africa"

As a follow-up to the series of Power Purchase Agreement (PPA) consultations conducted in the United States and East and West Africa this summer, the Commerce Department hosted Driving Investment in Power Africa program on the sidelines of the U.S. Africa Leaders’ Summit. The Commerce Department event was coordinated by the Office of General Counsel Front Office, Commercial Law Development Program of the Department’s General Counsel’s Office in partnership with the Initiative for Global Development (IGD) and the US Agency for International Development. The program brought together investors in the African power market and U.S. and African government officials to discuss the role of U.S. government agencies in facilitating investment in power in Africa. The first draft of CLDP’s Guide to Understanding Power Purchase Agreements was also presented at the workshop.  The dynamic mix of participants in the Driving Investment program engaged in a productive dialogue before a standing-room only crowd. Julie Wenah of the Office of the General Counsel welcomed the participants and General Counsel Kelly Welsh provided opening remarks. State Department Deputy Assistant Secretary Robert Ichord gave an overview of President Obama’s Power Africa initiative and USAID Power Africa Policy Coordinator Roseann Casey highlighted the broad array of US government support within Power Africa. International Trade Administration Deputy Assistant Secretary Matthew Murray stressed the role of power in driving increased investment in Africa, as well as the Department of Commerce’s commitment to facilitating trade and investment by U.S. companies in Africa. Honored guests included Niger Minister of Commerce for Promotion of the Private Sector, Alma Oumarou and Rwanda Former Minister of Infrastructure, Professor Silas Lwakabamba. Also, three business delegation leaders from Secretary Pritzker’s May 2014 West Africa Trade Mission attended: Yolanda Parker of The Parker Group LLC, Kevon Makell and David Ellis of SEWW Energy.The highlight of the program was a roundtable discussion featuring a panel of CEOs of private-sector developers and lenders with additional contribution from the African government delegates in attendance.