Improvement of countrywise arbitration in African countries

The article studies methods and sources of reforms of court systems of the African countries in order to find out their post-reform influence on a country’s economy. . Common features and special aspects of functioning of national arbitration systems of certain African countries, in their ties to the state structure, level of economic development and historic circumstances formed at the turn of XXIth century, have been determined. A definition is given of the effective arbitration court system in the light of its inherent specifications. Specifically, an application of UNCITRAL model act on international trade arbitration from 1985 is shown, which is the ground for the arbitration legislation of the large group of countries. This group includes ten countries of the continent: Egypt, Zambia, Zimbabwe, Kenya, Mauritius, Nigeria, Madagascar, Rwanda, Uganda and Tunisia. Various aspects of functioning of the Organisation for the Harmonization of Corporate Law in Africa (OHADA) are covered. OHADA consists of the following members: Benin, Burkina Faso, Kongo, the Comoros, Chad, Central African Republic, Mali, Gabon, Guinea, Guinea Bissau, Cameroon, Cote d’Ivoire, Niger, Senegal, Togo, Equatorial Guinea. The organisation forms the unified integration law between the countries of Central (Equatorial) Africa, West and SouthEast Africa, the former French colonies where the French law was in force. OHADA develops and passes ‘uniform acts’ of enterprise legislation, that have direct impact, are preferentially met by the national law of the member countries and go into effect without ratification necessary The research shows the achievement of significant success of African countries in creating favorable environment for foreign businessmen by raising the degree of commercial arbitration in court systems, indicated by steady growth of foreign investment into economy of the countries that follow this way.

Keywords

Africa, foreign investment, commercial arbitration, UNCITRAL OHADA

Publication date

25.03.2019

Number of characters

17414

Cite

GOST	Krukov I. Improvement of countrywise arbitration in African countries // Asia and Africa Today – 2019. – Issue 2 C. 44-48 [Electronic resource]. URL: https://asaf-today.ru/S032150750003734-9-1 (circulation date: 25.04.2024). DOI: 10.31857/S032150750003734-9
MLA	Krukov, Igor S. "Improvement of countrywise arbitration in African countries." Asia and Africa Today 2 (2019):44-48. DOI: 10.31857/S032150750003734-9
APA	Krukov I. (2019). Improvement of countrywise arbitration in African countries. Asia and Africa Today (2), pp.44-48 DOI: 10.31857/S032150750003734-9

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