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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Some reflections on the prospects for the harmonization of international business laws in Africa: OHADA and beyond
Author:Fombad, Charles MangaISNI
Periodical:Africa Today (ISSN 1527-1978)
Geographic term:Africa
Subjects:international law
commercial law
External link:http://muse.jhu.edu/journals/africa_today/v059/59.3.fombad.pdf
Abstract:The evidence of developments in the harmonization of international business laws shows that Africa is lagging seriously behind. There are still some skeptical voices about the need for and the value of harmonization of international business laws, but such voices are now in a minority. The aim of this article is to assess the prospects for harmonizing international business laws in Africa. The main contention is that the debate today in Africa is not whether or not there should be harmonization of international business laws, but how this should be done. The article reviews the imperatives for harmonization and the options that exist and then focuses on the present approach to harmonizing business laws in Africa under the auspices of the Organization for the Harmonization of Business Laws in Africa, better known under its French acronym, OHADA. Based on the critical review of the weaknesses and strengths of the OHADA regulatory framework, the article suggests ways in which the agenda to develop a harmonized and modern set of business laws in Africa can be achieved. Bibliogr., notes, sum. [Journal abstract]