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Finance: 30th Anniversary Of The OHADA Treaty: Time To Take Stock

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As part of the 30th anniversary of the treaty – Organization for the Harmonization of Business Law in Africa – OHADA, various stakeholders had the opportunity to exchange views during a one-day symposium held at the MCB in St. Jean on Wednesday, April 12.

The African legal space was among the first topics discussed. It was mainly about the hierarchy of norms between the different legal texts and the legal arguments justifying the application of the OHADA law to the detriment of other regional texts ratified by the Member States. The regulatory framework in favor of the economic activity and the judicial stability of the business and the perspectives towards a development of the OHADA law were also debated.

The various round tables saw the participation of eighteen professional speakers, including a judge of the Common Court of Justice and Arbitration of OHADA, specialists in international taxation, recognized experts in OHADA law as well as lawyers, specialists in international arbitration and recognized in the field of banking law among others.

As a reminder, created by the Treaty of Port-Louis of October 17, 1993, OHADA brings together seventeen member states, with the objective of harmonizing business law in Africa in order to ensure legal and judicial security for investors and businesses and is one of the most successful legal integration experiences of our time.

The colloquium was an initiative of the MCB in collaboration with the Association du D.U de Droit International Economique en Afrique (ADIEA) of the University of Paris Panthéon-Assas and the Cabinet Jeantet.

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