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HomeAfricaOHADA Enacts Legislation Based on UNCITRAL Model Law on Cross-Border Insolvency

OHADA Enacts Legislation Based on UNCITRAL Model Law on Cross-Border Insolvency

With the passage through the Council of Ministers of the Uniform Act on Insolvency (Acte uniforme portant organisation des procédures collectives d’apurement du passif), the 17 Member States of OHADA (the Organisation pour l’Harmonisation en Afrique du Droit des Affaires) join the 23 jurisdictions around the world that have enacted legislation based on the United Nations Commission on International Trade Law (UNCITRAL) Model Law on Cross-Border Insolvency <” target=”_blank”>http://www.uncitral.org> .

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