16 Nov Restructuring & Insolvency Ghana
Has your country enacted legislation to deal with the financial difficulties of institutions that are considered’ too big to fail’?
Although there is no special legislation to address financial difficulties in large institutions, the CIRA may apply to these companies where the relevant sector-specific legislation does not provide for rescue. The BSDTIA provides for voluntary liquidation and receivership processes for banks and SDTIs (section 139 of the BSDTIA). Read more