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Monday, Apr 22nd 2024

The ACP Legal Association

  • OHADAC and ACP Legal

    The partisans of this project, called OHADAC (Organisation for the Harmonisation of Business Law in the Caribbean), decided to meet within the framework of the association ACP Legal, to help interested Caribbean States to implement the project.

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  • OHADAC in brief

    This brochure has been published by the ACP Legal Association.

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OHADAC Texts

Summary

DRAFT OHADAC MODEL LAW OF COMMERCIAL COMPANIES

Article 25

Recognition and enforcement of invalidity, and dissolution of foreign companies

1. Any decisions emanating from the competent authorities, in accordance with the previous article, declaring the invalidity or dissolution of a company shall be recognized and, where appropriate, enforced, unless they are incompatible with public policy in the State where their effects are sought.

2. Resolutions of the company’s decision-making bodies leading to the dissolution of the company shall be deemed to have effect both in the company’s State and in any other State, provided that they are adopted by the competent body in compliance with the requirements set out in the company’s governing laws under the conditions and in the manner provided for by the said laws. Any court rulings on the effect of such resolutions shall be recognized in compliance with the provisions of paragraph 1 of the present article.

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EXPLANATORY NOTE.pdf

Draft OHADAC model law of commercial companies.pdf