Judicial administrator and Restructuring businesses in financial difficulties (Tunisian Law & Arab legislations)

Abstract

The research contains a comparative study between the Tunisian law and some Arab legislations concerning the role of “ judicial administrator” , to assist financially distressed business in re-construction operation, in order to avoid being subject to declaration of bankruptcy. The research analyze the development of Arab legislations from the traditional vision of bankruptcy and its restrictive rules, to the most recent vison, and its collaborative rules aiming to rescue financially distressed business. The comparative study analyses legal rules concerning the authority and requirements of appointing the judicial administrator