DR Congo to apply for OHADA membership


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DR Congo to apply for OHADA membership

The Democratic Republic of Congo has officially moved to securing the membership of the Organisation for the Harmonisation of Business Law in Africa (OHADA), reliable sources here told PANA Monday. Kinshasa has prepared and submitted to the Congolese parliament’s, for its approval, a text authorising the country to apply for OHADA membership, an organisation comprising African countries belonging to the Franc area, plus Guinea and the Comoros. OHADA was established by 16 founding members through a treaty adopted in October 1993 in Port-Louis, Mauritius, in order to create an attractive business environment in the member states. The treaty provides for member states to transfer sovereignty to a supranational jurisdiction to ensure that business disputes are processed through a credible arbitration system.

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