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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Downloads
EXPLANATORY NOTE.pdf
Draft OHADAC model law of commercial companies.pdf
