THE PARTICULARITY OF THE CONTINUATION OF THE ACTIVITY OF COMPANIES IN THE PROCEDURE OF LIQUIDATION OF ASSETS UNDER OHADA LAW
DOI:
https://doi.org/10.55662/Abstract
A reading of the provisions of the OHADA uniform act on the organization of collective proceedings for the discharge of liabilities shows that the continuation of the debtor's business ends with the opening of the procedure for the liquidation of assets. However, in exceptional cases where the conditions so require or are met, continuation of the activity may be authorized by the competent court, at the request of the liquidator and after obtaining the opinion of the judge-Commissioner, for a specified period. In order to ensure that it preserves the interests for which it was authorized, a report of the continuation of the activity must be made monthly by the trustee to the judge-commissioner and the representative of the legal department.
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