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International Law and International Organizations
Reference:
Adjelou, Christian Arnaud
Cross-border insolvency in OHADA Member States.
// International Law and International Organizations.
2012. № 3.
P. 67-70.
URL: https://en.nbpublish.com/library_read_article.php?id=61383
Adjelou, Christian Arnaud Cross-border insolvency in OHADA Member States.
Abstract:
The author speaks of the African model of cross–border insolvency within the context of the Uniform Act organizing
Insolvency and Liquidation Proceedings of 4 April 1998, of the Organization for the Harmonization of
Business Law in Africa. In the article, the author reviews the following methods as outlined in the Act: universal
method and territorial method. In the fi nal analysis, the author has got an opinion that none of these two methods
is effective in solving the legal problems associated with the insolvency in Africa and consequently, the author
proposes conclusion of agreements between OHADA and other leading economical blocks as European Union,
NAFTA,ASEAN etc. for more effective solution of the problem.
Keywords:
OHADA, cross–border insolvency, Uniform Act, Harmonization, principle of universality, territorial principle, debtor, creditor, collective procedure for the liquidation of liabilities.
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References
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