Bibliographie sélective OHADA

The adoption of International financial reporting standards (IFRS) has been presented in several empirical literature as a factor that could improve the quality of financial reports. However, Ghana has not attained the desired levels of financial reporting quality after the adoption of IFRS. Literature reveals that lack of proper enforcement of these high-quality standards may result in limited compliance and will undermine the effectiveness of these standards in terms of attaining high-quality financial reports. This study therefore argues that the relationship between IFRS compliance and reporting quality revolves around some enforcement mechanisms like corporate governance structures. In view of that, by using random effect estimation technique, this study examined the role of corporate governance in the relationship between IFRS compliance and the reporting quality of firms listed on the Ghana Stock Exchange (GSE). The study found that the right corporate governance mechanisms will enhance the positive effect of IFRS compliance on reporting quality. This study further recommends that to gain an appreciable level of public confidence in the annual reports of firms listed on the GSE, the audit committee’s independence and the board’s independence should be strengthened to ensure that management does not only adopt IFRS, but that the standards are actually complied with.

This research paper looks at the South African common law right to lien as it currently stands as the only compensatory remedy for a construction subcontractor in the event of non-payment by the main contractor. The nature and scope of the builder’s lien in this regard will be analysed and its limitations will be highlighted. Accordingly, having critically considered a potential alternative remedy, an unjustified enrichment claim, for the subcontractor, this research paper will illustrate that there is insufficient protection for an unpaid subcontractor in our legal system. Hence, there is a need for our common law builder’s lien to be developed into a statutory builder’s lien. An analysis of foreign jurisdictions legal position, in particular Canadian law, with regard to the construction subcontractor and the right to lien as a remedy has a commendable statutory measure in place to assist a subcontractor by attempting to prevent such a financial predicament and if it nonetheless still occurs, that in the event of non-payment, the subcontractor is adequately protected. This research project proposes that our legal system should take influence from the Canadian legal system and be developed in accordance with our legal framework in order for construction subcontractors to also have sufficient and effective protection under our legal system.

Les « Modes Amiables de Résolution des Conflits » (MARC) représentent toutes les méthodes qui permettent de résoudre un différend sans recours au juge, telles que la médiation, la conciliation, la négociation, la négociation raisonnée, la transaction, la procédure participative, l’avis technique ou juridique amiable, procès simulé, etc. Aujourd’hui, dans la pratique des affaires, tant en France qu’à l’international, les MARC ont le vent en poupe. Issu d’un colloque, cet ouvrage s’adresse aux professionnels du droit, aux chercheurs, aux juristes d’entreprise et aux PME qui sont souvent tentés par le recours aux MARC et souhaitent connaître avec précision le régime et l’effet des accords amiables. L’objectif est d’explorer toutes les questions qui se posent lorsque les parties à un différend économique l'ont résolu au moyen d'un accord amiable, au moment où elles doivent concrètement mettre en œuvre cet accord. En particulier, comment rédiger l'accord et comment garantir son exécution ?

Adoption of International Financial Reporting Standards (IFRS) is supposed to help enhance comparability of financial statement, improve the quality of financial reporting and accounting information of businesses in a country. This is expected to help improve Foreign Direct Investment (FDI) in the adopting countries. This study examined the effect of IFRS adoption on FDI inflows in Africa. Unlike previous studies that sample both adopting and non-adopting countries, this study sampled only Africa countries that have adopted IFRS to determine whether the adoption has improved FDI inflows. To achieve this objective, 20 African countries that have adopted IFRS were sampled covering a period 1980 to 2015. Data was sourced from The World Bank financial and Economic Data. Control variables such as GDP growth, openness of the economy, government debt and population growth were included in the model. The correlation and regression analysis showed that IFRS adoption has a positive and significant influence on FDI inflows in Africa. On the other hand, open economy, government debt and population growth had a positive and significant association with FDI. Overall, the results show that African countries that want to improve FDI inflows must improve the quality of their reporting environment by adopting IFRS.

Please refer to full text to view abstract. <br>LL.M. (Commercial Law)

Les États membres de l’OAPI forment un espace d’harmonisation du droit d’auteur en Afrique. Cette harmonisation est encore inachevée. Les règles conventionnelles relatives au contrat d’édition en témoignent. Aussi, enquêter sur le contrat d’édition dans l’espace OAPI nécessite un examen tant du texte de l’Accord de Bangui que des lois nationales des dix-sept États membres, dont il faut relever quelques différences sans éluder la question d’éventuels conflits de lois.

In international arbitration, arbitrators have procedural powers that allow them to manage and conduct the arbitration proceedings in a fair and efficient manner. These powers are typically set out in the arbitration rules that the parties have agreed to, such as the International Chamber of Commerce (ICC) rules or the United Nations Commission on International Trade Law (UNCITRAL) rules. Arbitrators have the authority to determine the procedure to be followed in the arbitration, including the admissibility, relevance, materiality, and weight of the evidence presented. They can also decide on the language to be used in the arbitration and the location of the hearings. In addition, arbitrators can issue orders and directions as needed to ensure the fair and efficient conduct of the proceedings. This may include ordering the production of documents or witness testimony, or setting time limits for the submission of evidence. The present paper critically examines the lex arbitri, the law that governs the arbitral proceedings, and makes out a case that lex arbitri cannot be challenged in court, as the parties to the arbitration have agreed to resolve their disputes through arbitration rather than through the courts. However, if the tribunal exceeds its powers or acts in a manner that is inconsistent with the lex arbitri, the parties may have grounds to challenge the tribunal's decision on the grounds of lack of jurisdiction or due process. The paper summarises some key judgments in which Courts have upheld or quashed the Tribunals procedural orders. It will be concluded that the procedural powers of arbitrators in international arbitration are real and not perfunctory, though bounded within powers extended by Parties to the arbitral tribunal.

The purpose of the Companies Act1 is, amongst others, to “provide for the efficient rescue and recovery of financially distressed companies, in a manner that balances the rights and interests of all relevant stakeholders.”2 Business rescue means facilitating the rehabilitation of a financially distressed company by providing temporary supervision of the company, a temporary moratorium on legal proceedings against the company in business rescue and the development and implementation of the business rescue plan.3 As a result of the moratorium, the legal proceedings against the company may only be instituted with the consent of the business rescue practitioner or with the leave of the court.4 Thus, the moratorium is the cornerstone of business rescue as it provides a company with an opportunity to operate on a solvent basis... <br>LL.M. (Commercial Law)