Corporate

Recent Developments in Ghanaian Arbitration: 2024 Edition

by admin|17 May 202417 May 2024|Corporate, Legal

Reviews of developments in the arbitration space in Ghana over the past few years point to the growing appeal of arbitration as a viable alternative to traditional dispute resolution through national courts. This appeal may be attributed to some inherent...

Resolving Insolvency in the Insurance Sector

by admin|17 May 202417 May 2024|Corporate, Legal

Resolving Insolvency in the Insurance Sector The Insurance Act, 2021 (Act 1061) was passed on 5th January 2021 to provide a comprehensive framework for regulating activities in the insurance sector. This brief note focuses exclusively on the provisions concerned with...

2023 Developments in Employment Law

by admin|03 May 202403 May 2024|Corporate, Legal

2023 Developments in Employment Law 2023 saw the courts of Ghana decide a number of interesting decisions in employment law. These decisions not only provided clarity on existing legal principles but also introduced novel approaches to dealing with employment law...

Recent Amendments in Tax Law

by admin|23 January 202423 January 2024|Corporate, Legal, Tax

Recent Amendments in Tax Law Introduction In the realm of economic governance, the landscape of tax laws is ever-evolving, shaping the financial contours of nations. Ghana, too, has recently witnessed a series of amendments to its tax laws, introducing changes...

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Impact of Insolvency on Employment Relations

by admin|08 December 202308 December 2023|Corporate, Legal

Employees take a direct hit when a company becomes insolvent. Employees, in spite of the significant role they play in the life and growth of the company, are often the least protected. They are often the first to lose their...

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 202324 May 2024|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 202324 May 2024|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...

Supreme Court Affirms Equity As Starting Point for Property Distribution

by admin|20 October 202005 November 2020|Corporate

The Supreme Court in Amoakohene v Amoakohene has affirmed its long-standing position of “equality is equity” as the basis for the distribution of property acquired during the pendency of a marriage. According to the Court, speaking through Dordzie JSC, “properties...

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