Legal

Impact of Administration on Asset Owners

by admin|29 May 202329 May 2023|Corporate, Legal

Impact of Administration on Asset Owners Leasing companies and landlords – most especially, often get jittery when a company is placed in administration. Unlike the creditors who are involved in the administration process, third-party service providers especially those providing leasing...

Recent Developments in Arbitration in Ghana

by admin|23 May 202326 May 2023|Corporate, Legal

Introduction to Arbitration in Ghana The growth of arbitration in Ghana may be attributed to the oft-cited inherent advantages associated with the dispute resolution method (ie, speed, flexibility, the privacy and the finality of outcomes). However, it may also be...

Set-off in Insolvency Contexts

by admin|04 May 202303 May 2023|Corporate, Legal

"A set-off in insolvency contexts involves the crossing out of mutual debt obligations between a debtor and a creditor. It can be used in any type of contract; not just financial contracts." Set-Off under the Corporate Insolvency and Restructuring Act,...

Netting Arrangements in Insolvency Proceedings

by admin|03 May 202303 May 2023|Corporate, Legal

"Netting arrangements in insolvency allow parties to a qualified financial contract to consolidate their claims and cross out their mutual obligations." One of the aims of the Ghanaian insolvency regime is to maximise the returns of the entire creditor...

Things to Know About the Corporate Insolvency and Restructuring Act III

by admin|25 August 202025 August 2020|Corporate, Legal

Things to Know About the Corporate Insolvency and Restructuring Act (3) In April 2020, the Corporate Insolvency and Restructuring Act, 2020 came into force. Since then, I have been throwing some insight into the architecture and workings of the Act. ...

Things to Know About the Corporate Insolvency and Restructuring Act II

by admin|11 July 202025 August 2020|Corporate, Legal

Things to Know About the Corporate Insolvency and Restructuring Act II In April 2020, the Corporate Insolvency and Restructuring Act, 2020 came into force. Since then, I have had a number of people ask me about what exactly the...

Things to Know About the Corporate Insolvency and Restructuring Act 2020 (I)

by admin|06 July 202025 August 2020|Corporate, Legal

Things to Know About the Corporate Insolvency and Restructuring Act 2020 (Act 1015) I In April 2020, the Corporate Insolvency and Restructuring Act, 2020 came into force. Since then, I have had a number of people ask me about what exactly...

Directors’ Responsibility and the Recent SAA Judgment

by admin|11 June 202011 June 2020|Corporate, Legal

Directors’ Responsibility and the Recent SAA Judgment For those who follow this column closely, I am sure you may be wondering why I am going back on a topic that I have already discussed and dealt with in some...

Directors Liability for Insolvent Trading

by admin|27 May 202027 May 2020|Corporate, Legal

Directors Liability for Insolvent Trading Companies leave behind several obligations that are unmet in the event where they fold up or cease to operate. Typically, many who engage with companies on life support do so without any knowledge of the...

Ghana has a New Corporate Restructuring and Insolvency Act

by admin|13 May 202013 May 2020|Corporate, Legal

Ghana has a New Corporate Restructuring and Insolvency Act !!!!!! Ghana and the world as a whole have hit hard times. Businesses especially are struggling to stay alive. Termination of employee contracts and default on financial and business-related obligations...

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