The Organisation For The Harmonisation Of Business Law In Africa OHADA System Overview Of Some Benefits And Problem Areas

As much as the Organisation for the Harmonisation of Business Law in Africa OHADA aims to improve the legal environment for business the harmonisation process should be seen as a tool of economic integration with several advantages. Despite the achievements and benefits OHADA like other regional integration efforts in Africa has some temporary drawbacks that may become permanent if no effort is made to overcome them. The primary focus of the paper is to present OHADAs background offer an overview of some of the salient benefits of OHADAs institutional and regulatory framework consider OHADAs problem areas and propose possible solutions to the problems. The value of the paper therefore lies in the insight it offers into OHADA the benefits and problems of its institutional and regulatory framework. It is also important because it is laying the foundation in making the OHADA structure available for all Africans.