Morgan Lewis (JD Supra South Africa)

New OHADA Uniform Act Streamlines Collective Insolvency Proceedings
Innovations to the Act in late 2015 seek to modernize and simplify collective proceedings in OHADA member states. On 10 September 2015 in Grand-Bassam (Republic of Côte d’Ivoire), the Organization for the Harmonization of Business Law in Africa (OHADA) proceeded with the adoption, by the Council of Ministers of OHADA, of a new Uniform Act organizing collective proceedings for debt...
OHADA Zone: Deadline for Amending Articles of Incorporation of Commercial Companies Approaches
Commercial companies in OHADA member states that were incorporated prior to the entry into force of the Amended Uniform Act on 5 May 2014 must ensure that their articles of incorporation comply with the Act’s provisions by 5 May 2016.

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