An acquisition occurs when one entity takes ownership of another entity’s share capital, equity interests or assets.[1] A major difference between Mergers and Acquisitions (“M&A”) is that, in Mergers, a new entity is formed whereas in an Acquisition, the acquiring company retains its original identity. Today,...
Following the introduction of the Corporate Insolvency & Restructuring Act (“CIRA”) (Act 1015), companies suffering financial distress have a statutory option other than liquidation to consider and pursue, in the form of Administration and Restructuring. The Firm has an exclusive Restructuring & Insolvency chapter on...
By virtue of colonization, English statutes on some specific subject matters were applicable in Ghana until otherwise provided for in an Act of Parliament. Therefore, the Matrimonial Causes Act of England, such as the Matrimonial Causes Acts of 1857 and 1950, had the force of...
Until the passage of the Registration of Births and Deaths Act, 2020 (Act 1027) there was no legal recognition of surrogacy or any other assisted reproductive birth in the Ghanaian legal framework. The enactment of Act 1027, now places surrogacy firmly on the legislative map...
Players within the financial market space rely on credible ratings to make financial decisions. It is therefore important that Credit Rating Agencies (CRAs) ensure that adequate personnel and resources are allocated to ratings, and CRAs use care and professional judgment to maintain independence and objectivity. 1....
…This is not the end of an era but rather the end of this particular journey… We were excited to have had one final conversation with Adelaide Benneh Prempeh, GNBCC’s outgoing board chair. We look back on Adelaide‘s four-year journey on the board of GNBCC. Adelaide...
Many a time you are confronted with a situation where the named members of a company are different from its substantive beneficial owners. Beneficial ownership is one of the inroads of the Companies Act, 2019 (Act 992) (the “Act”). Who then is a Beneficial owner? The...
The Insurance Act, 2021 (Act 1061) has repealed the Insurance Act, 2006 (Act 724). This enactment now serves as the legal instrument for the regulation and supervision of the insurance market.[1] The Act has been welcomed as timely due to the current state of the...
Property can be transferred from one person to another in different ways, one of which is through a trust. Trust is a concept by which one person (called “the trustee”) is nominated by another person (called “the settlor”) to hold the legal title in his...
The Labour Act, 2003 (Act 651) [1] (the “Act”) defines a domestic worker as “a person who is not a member of the family of a person who employs him or her as a househelp”. In effect, a person who is employed to perform domestic...