Online Publication of the New OHADA Laws on Arbitration and Mediation
At its meeting held on 23 and 24 November 2017 in Conakry (Guinea), the OHADA Council of Ministers adopted three major texts that boost the Organization's normative arsenal on alternative dispute resolution: The Uniform Act on Mediation, the New Uniform Act on the Law of Arbitration and the Revised Rules of Arbitration of the Common Court of Justice and Arbitration (CCJA).
The Uniform Act on Mediation fills the legislative gap that existed in most OHADA Member States with regard to the amicable settlement of disputes. The other two instruments update the laws in force; they aim to enhance transparency, swiftness and efficiency of arbitral proceedings in the OHADA area, while improving the attractiveness of the CCJA arbitration center. These new texts are likely to strengthen the confidence of local and foreign investors, and to significantly improve the business climate in the OHADA space.
The texts adopted by the Council of Ministers will be published in the Official Journal of OHADA in the coming days and will enter into force 90 days thereafter.