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   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 (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   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 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 !!!!!!   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...

Disqualification of directors (2) This series has been focusing on the provisions contained in the companies act for restraining fraudulent person from acting as directors. We have previously considered the positions of persons convicted of an offence involving fraud or...

Directors Accountability (1)   Last week, we looked at the “somewhat” controversial Section 177(1)(c) of the Companies’ Act, 2019 (Act 992) which deals with the disqualification of a person as a director for offences that the persons has been convicted...