Generally, when a person kicks the bucket, their property is redistributed. How the redistribution takes place is dependent on whether the person died testate (they died leaving behind a valid will) or intestate (they died without preparing a will). In Ghana, the Wills Act, 1971 (Act...
Members of an incorporated company, though holding interests in the company, are often not in direct control of its affairs. Directors bear the responsibility of managing interests on behalf of members and hence, are required by law to hold an Annual General Meeting (AGM). The AGM...
The Legal Framework chapter of the Oxford Business Group (OBG) Report looks at in-depth legislative investment framework for Ghana. In her Viewpoint article, our Managing Partner, focuses on recent updates of public-private partnerships. The Report: Ghana 2020 is available on all OBG platforms and events....
The Oxford Business Group (OBG) and B&P Associates signed a Memorandum of Understanding (MoU) of exclusive partnership under which B&P Associates produced the Legal Framework Chapter of OBG’s publication, “The Report: Ghana 2022”. The Legal Framework Chapter of The Report provides a detailed analyses of landmark...
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...