Business Law in Africa: OHADA and the Harmonization Process

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Kogan Page Publishers, 2002 - Law - 356 pages
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Legal harmonization is an essential step to encouraging foreign investment in Africa and the development of sustainable pan-African trade. This book explains the new system of law now being developed and promoted by OHADA (Organisation pour l'Harmonisation en Afrique du Droit des Affaires). The book offers an overview of the aims and achievements of the OHADA system and explains in depth the legislation that has been issued to date. The chapters deal a.o. with general commercial law, commercial companies and economic interest groups, accounting law, collective proceedings for the clearing of debts, securities, simplified recovery procedures and enforcement measures, and arbitration law.
 

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Contents

Institutions
8
General Considerations on OH AD A Uniform Acts
18
B Advisory opinion
24
Legal Value of the Provisions of the Uniform Acts
25
B Capacity to undertake commercial transactions
31
A Scope of the Uniform Act
37
Sale of the business
44
B Factors or commission agents commissionnaires
51
Collective Proceedings for the Clearing of Debts
158
Administration Redressement judiciaire 767
167
E Closure of administration
177
Management Liabilities
186
B Secondary collective proceedings
192
Personal Securities Suretes personnelles 275
215
Distribution of Proceeds and Ranking of Securities
224
Practical problems
230

Effects of the sale agreement
58
General Provisions
64
B Management powers
70
G Windingup
78
Shareholders
94
G Net equity position
103
J Transformation
114
F Auditors
120
Unlimited Liability Companies
122
B Branches Succursales
130
A Scope of public offerings
145
Penalties
151
Measures of execution mesures dexecution
237
Arbitration Law
255
CCJA Arbitration
268
G The award
277
Future Uniform Acts
284
Specialized Organizations
297
Appendix B
306
Appendix E
319
Glossary
325
Bibliography
338
Index
347
Copyright

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About the author (2002)

Preface by H. E. Nana Akufo-Addo, Attorney General and Minister of Justice, Republic of Ghana

Foreword by Keba M'Baye, President of UNIDA

The Sponsors (Department for International Development (UK), European Investment Bank, Ministère des Affaires Etrangères (France), UNIDA

Introduction

Chapter 1 - What is OHADA?

Chapter 2 - Institutions

Section 1 - The Council of Ministers

Section 2 - The Permanent Secretariat

Section 3 - The Common Court of Justice and Arbitration (CCJA)

Section 4 - The Regional Training Centre for Legal Officers (ERSUMA)

Chapter 3 - General Considerations on OHADA Uniform Acts

Section 1 - Principles laid down by the Treaty

Section 2 - Procedure for the Adoption of Uniform Acts

Section 3 - Legal Value of the Provisions of the Uniform Acts and Limits on their Applicability

Chapter 4 - General Commercial Law

Section 1 - Status of Commercial Operators (Commerçants)

Section 2 - The Commercial Reigstry (RCCM)

Section 3 - Commercial Leases

Section 4 - The Business (Fonds de commerce)

Section 5 - Commercial Intermediaries

Section 6 - Commercial Sale Agreements

Chapter 5 - Commercial Companies and Economic Interest Groups

Section 1 - General Provisions

Section 2 - Société Anonyme or SA

Section 3 - Société à Responsabilité Limitée or SARL

Section 4 - Unlimited Liability Companies

Section 5 - Other Structures

Section 6 - Restructuring and Transformation

Section 7 - Public Offerings

Chapter 6 - Accounting Law

Section 1 - Scope of the Uniform Act on Accounting Law

Section 2 - General Accounting Principles

Section 3 - New Obligations created by the Uniform Act

Section 4 - Links with other existing Accounting Systems

Chapter 7 - Collective Proceedings for the Clearing of Debts

Section 1 - Preventive Settlement

Section 2 - Administration (Redressement judiciaire)

Section 3 - Liquidation

Section 4 - Management Liabilities

Section 5 - International Collective Proceedings

Chapter 8 - Securities

Section 1 - Real Securities (Sûretés réelles)

Section 2 - Personal Securities (Sûretés personnelles)

Section 3 - Distribution of Proceeds and Ranking of Securities

Chapter 9 - Simplified Recovery Procedures and Enforcement Measures

Section 1 - Simplified Recovery Procedures

Section 2 - Enforcement Measures

Chapter 10 - Arbitration Law

Section 1 - Uniform Act on Arbitration

Section 2 - CCJA Arbitration

Chapter 11 - Future Uniform Acts

Section 1 - Uniform Acts on Specific Subjects defined in the Treaty

Section 2 - Subjects not specifically defined in the Treaty

Chapter 12 - The Legal Context beyond OHADA

Section 1 - Regional Economic Organizations

Section 2 - Specialized Organizations

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