Investment Protection in the Framework of the Treaty of Harmonizing Business Law in Africa (OHADA)
- 1 University of International of International Business and Economics, Beijing, China
- 2 Hua Mao & Gui Gu, Beijing, China
Abstract
A few years ago, African contribution of the world trade was only around 2%. The investors, except those who are exploiting natural resources, never want to dare dispensing their fund in Africa. The reason of this situation was very simple. The majority of investors denounce the juridical insecurity and also the po litical preponderance across the African continent. With human and natural resources abundant, Africa is regarded as a continent equipped with a great potential of development. The years of independences in Africa saw being born in many States, of the organizations trying to solve these difficulties and to rein force their capacities by the constitution of international organizations acting in all the fields. But it is only in the year 1990; some organizations appeared in the continent and knew of real rise thanks to the liberal and democratic economic policies. This article wishes to present an assessment of seventeen years implementation of the African Harmonization of Business Law Treaty of 1993. Firstly, it will describe the system from an institutional point of view and hence from a normative point of view. Secondly , during the course of this essay, there will be a focus on analysis of OHADA’s laws, its system and its potential impact. In addition, the article will concentrate on OHADA’s appropriateness in the business sector and necessary guarantees it must offer for a successful investment partnership with foreign investment.
- Collier, P., & Gunning, J. W. (1999). Why has Africa grown slowly? Journal of Economic Perspectives, 13, 3-22
- David, R. (1982), Droits d’hier, droits de demain. Le droit Comparé. Paris: Economica.
- Dickerson, C. M. (2005). Harmonising business laws in Africa: Ohada calls the tune. Columbia Journal of Transnational Law, 44, 17.
- Friedman, M., (1970). The social responsibility of business is to increase its profits. The New York Times Magazine, pp.122-126.
- Bamodu, G. (1994). Unification and harmonization of international commercial law in Africa. Journal of African Law, Transnational Law, 38, 125-143.
- Glenn, P. H. (1993). The civilization of the common law. International Journal of Comparative Law, 45, 559-575.
- Issa-Sayeh, J. (2002). The judicial function of the CCJA of OHADA. Bibliography on CCJA (p. 318). Mélanges: Grenoble University Press.
- Issa-Sayeh, J., Pougoué, P.-G., & Sawdogo, F. M. (2002). OHADA: Traité et actes uniformes commentés et annotés (2nd ed.). Fututroscope: Juriscope.
- Lavelle, K. C. (2001). Architecture of equity markets: The abidjan regional bourse. International Organisation, 55, 717-742. doi:10.1162/00208180152507605
- Llewellyn, K. N., & Hoebel, A. E. (1967). The Cheyenne way: Conflict and case law in primitive jurisprudence (pp. 50-51).
- Mamadou, K. (2003). The new commercial law of OHADA zone countries; Comparison with French law. Paris: LGDJ, Coll. Library of Private Law.
- Mancuso, S. (2007). OHADA and the future adhesion of common law countries: Is it a challenge? The International Conference of “The Harmonization of Business Law in Africa and its Advantages for Chinese Investments in Africa”, Macau, 27 November 2007.
- Martor, B., Pilkington, N., Sellers, D., & Thouvenot, S. (2004). Le droit uniforme africain des affaires issu de l’OHADA. Litec: Juris Classeur
- Onana Etoundi, F., & Mbock Biumla, J. M. (2006). Five years of jurisprudence commentary of the common court of justice and arbitration of OHADA (1999-2004). Abidjan.
- Zweigert, K., & Kotz, H. (1993). Introduction to comparative law (2nd ed.). Oxford: Oxford University Press.