Business Law in Africa : Ohada and the Harmonization Process

'An important new book.' - "African Review of Business and Technology".

Legal harmonization is an essential step to encouraging foreign investment in Africa and the development of sustainable pan-African trade.

This important new book explains the new system of law, now being developed and promoted by OHADA.

OHADA - the Organization for the Harmonization of Business Law in Africa - is an international organization currently comprising 16 Member States: Benin, Burkina Faso, Cameroon, Central African Republic, Chad, the Federal Islamic Republic of the Comoros, Congo, Cote d'Ivoire, Equatorial Guinea, Gabon, Guinea, Guinea-Bissau, Mali, Niger, Senegal and Togo.

As a result of the creation of OHADA, business law in these African countries has recently entered a new era of rapid modernization and harmonization.

OHADA's essential aim is to promote economic integration and development by creating a secure legal framework for the conduct of business in Africa.

In order to achieve this aim, OHADA has enacted a number of laws, known as Uniform Acts, on various aspects of business law including commercial and company laws, insolvency, securities and arbitration. These Uniform Acts are directly applicable throughout the Member States.

This 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.

It will be invaluable to legal and business development executives in major global companies, international law firms, accountants and management consultants, students of international business law, government agencies, and NGOs concerned with Africa and African business people.

The authors are members of the Africa team in the Paris office of Eversheds: Boris Martor, Avocat a la Cour de Paris Nanette Pilkington, Avocat a la Cour de Paris David S.

Sellers, Solicitor, England and Wales, Avocat a la Cour de Paris Sebastien Thouvenot, Docteur en droit, Eleve-avocat who have worked in close collaboration with: Adesegun A.

Akin-Olugbade, General Counsel, African Development Bank, and Dr. Martha Simo Tumnde nee Njikam, Barrister and Solicitor of the Supreme Court of Cameroon, Head of Department of Law and Vice-Dean in charge of Programmes and Academic Affairs in the Faculty of Social and Management Sciences, University of Buea, Cameroon.