Abstract
The main objective of this article is to shed light on the new emergence on the Jordanian insolvency Act no. 21 of 2018, after it became independent from the commercial law, specifically the role of the companies general controller through the application of the provisions of this law to rescue company as much as possible from stopping running its business activates and then its insolvency. In this article, the Jordanian law was compared with English law in order to compel Jordanian legislator to benefit from other legislation, given that the Jordanian law is still recent.
 
 This article dealt with the issue of corporate rescue and the role of the company controller in starting company insolvency procedures, in accordance with the provisions of the Jordanian Insolvency Act 2018; with refer to the provisions of the UNCITRAL Insolvency Legislative Guide 2004. 
 
 This article concluded that Jordanian legislator must develop a rescue culture by putting in place protection for insolvent companies, such as a moratorium and expanding the means of rescue, rather than limiting the rescue culture to the reorganization plan that is adopted by the UNCITRAL Legislative Guide of Insolvency 2004. In addition, Jordanian legislators must make some legal amendments that are in line with recommendations made by legal authorities within the framework of the company controller role in the Jordanian Insolvency Act 2018.
Highlights
1.1 Insolvency as a Fact and as a Legal ConceptOne of the most tremendous threats that any enterprise can encounter, no matter its measurement and the nature of its operations, is insolvency
This article concluded that Jordanian legislator must develop a rescue culture by putting in place protection for insolvent companies, such as a moratorium and expanding the means of rescue, rather than limiting the rescue culture to the reorganization plan that is adopted by the UNCITRAL Legislative Guide of Insolvency 2004
Financial stumbles have negative effects on the national economy, including the loss of a number of jobs, exacerbating the long-term problem of unemployment, and the declining performance of the economic sector, where the business activities of troubled companies have ceased. He stressed that Jordan is one of the best countries in the region with regard to the existence of an insolvency law that avoided companies to submit to bankruptcy laws and bankruptcy reform, which was stipulated in the Jordanian Commercial Act, which was in force in accordance with the system of liquidation of companies No (22) of 2017
Summary
1.1 Insolvency as a Fact and as a Legal ConceptOne of the most tremendous threats that any enterprise can encounter, no matter its measurement and the nature of its operations, is insolvency. Financial stumbles have negative effects on the national economy, including the loss of a number of jobs, exacerbating the long-term problem of unemployment, and the declining performance of the economic sector, where the business activities of troubled companies have ceased He stressed that Jordan is one of the best countries in the region with regard to the existence of an insolvency law that avoided companies to submit to bankruptcy laws and bankruptcy reform, which was stipulated in the Jordanian Commercial Act, which was in force in accordance with the system of liquidation of companies No (22) of 2017. The law has expanded to include the company controller in starting the insolvency proceedings
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