Bankruptcy Law

1. The Bankruptcy Committee’s work rules and procedures shall be issued pursuant to a decision by the Minister, and shall include: a) Rules and procedures for inviting to and holding its meeting, voting on its decisions, preparing its meeting minutes, and the like. b) Establishing a general secretariat for the Committee, defining its duties, and its work rules and procedures. 2. The Bankruptcy Committee shall submit periodic reports to the Minister on its activities, achievements, challenges, and any recommendations for the efficient and effective exercise of its powers and performance of its duties.