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Africa is the future and offers immense natural resources and business opportunities for foreign direct investment, which are essential to the world economy.1 Concurrently, “financial backers often complain about legal and judicial uncertainties in Africa.”

Foreign investors are traditionally suspicious about African national judicial systems, which have been plagued by corruption, long and costly procedures, and lack of efficient enforcement of the law.

Africa was facing a reduction in investment. West and Central African countries decided to combine their efforts to solve the reluctance of investors to come to Africa because of the disparity of and lack of cohesive business laws across borders. These countries established a business law harmonization zone known as POHADA.

OHADA is a system of business laws and institutions adopted by sixteen West and Central African nations to establish a uniform legal framework governing commerce and investment in the region.

OHADA is the French acronym for “Organization pour l’Harmonisation en Afrique du Droit des Affaires”, which translates into English as “Organization for the Harmonization of Business Law in Africa”.

The Common Court of Justice and Arbitration (CCJA)Headquartered in Côte d’Ivoire (Ivory Coast), the Common Court of Justice and Arbitration (CCJA) is both a judicial court and an arbitration institution responsible for supervising the administration of arbitration proceedings in OHADA member states. In cases concerning OHADA law, the CCJA takes precedence over member states’ courts.

Areas Governed By OHADA LawsUnder OHADA, the following Uniform Acts have been adopted, superseding any existing laws of the member states governing the same areas:
— General commercial law
— Company law
— Secured transactions
— Debt recovery and enforcement law
— Bankruptcy law
— Arbitration law
— Accounting law
— Law relating to the transportation of goods by road

Harding Mitchell has a strong Africa connection and can help your business or organization at every level.

Situations in which you MUST seek legal advice:
Prior to contacting commercial law solicitors in London, you need to make sure that the situation at hand requires legal guidance. It is highly imperative to decide clearly about the reasons for which you need to hire a commercial law solicitor. You MUST consider contacting us if you are:

Entering into a commercial agreement
Entering into a partnership agreement
Entering into a leasing agreement
Purchasing commercial property through a commercial bridging loan
Trying to resolve a dispute involving commercial property
Any intellectual property dispute
Require guidance with Management Buyouts or Company Establishment
Require advice about Employment Tribunals or Employment Protection Insurance
Remember that effective business advice can do wonders for your business. So never rely upon unprofessional or novice firms. Only trust the best in the field. You can fully count upon Harding Mitchell Commercial Law Solicitors in London.