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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Development of a uniform insolvency law in SADC: lessons from OHADA
Author:Leno, Ngaundje Doris
Year:2013
Periodical:Journal of African Law (ISSN 0021-8553)
Volume:57
Issue:2
Pages:259-282
Language:English
Geographic terms:Africa
Southern Africa
Subjects:SADC
OHADA
bankruptcy
legislation
international conflicts
External link:https://doi.org/10.1017/S0021855313000065
Abstract:This article argues that, with the global or cross-border nature of many corporate activities, there is an increasing need for a uniform insolvency law approach to the financial distress of a corporation in the Southern African Development Community. In doing so, the article highlights lessons the community may learn from the Insolvency Act of the Organisation for the Harmonization of Business Law in Africa (OHADA). Emphasis is given to that organization's success in developing a uniform insolvency act which is directly applicable in its contracting States. The article also proposes a number of recommendations. Notes, ref., sum. [Journal abstract]