The new OHADA Uniform Act in a Nutshell

Legal integration in Francophone Africa results in particular from the “Uniform Acts” adopted by the Organization for the Harmonization of Business Law in Africa (“OHADA”), established by the Treaty signed in Port Louis (Mauritius) on 17 October 1993 as amended in Québec on 17 October 2008.

OHADA includes 17 Member States (“Member State”) of West and Central Africa, almost all of which are francophone (except for the Republic of Guinea-Bissau).

On 30 January 2014 a new Companies Uniform Act (“Amended AUSCGIE”) was adopted in Ouagadougou by the OHADA Council of Ministers.

The Amended AUSCGIE will enter into force on 30 June 2014 (which is 90 days after publication in the OHADA Official Journal which shall take place 60 days following the Amended AUSCGIE ratification) and will bring significant improvements in companies law.

Please see full article below for more information.

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Topics:  Africa, Economic Development, Foreign Policy, OHADA Treaty

Published In: General Business Updates, Finance & Banking Updates, International Trade Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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