Restructuring may take place between companies of different types in Cameroon. These types are as follows;
- Restructuring involving companies of different types: The Uniform Act provides for the restructuring of companies of different types. However, GIEs would seem to be excluded since, they are not companies. Also, Société en participation will be excluded though referred to a company, have no corporate personality and no assets or liabilities in their own name or Société de fait which have not been properly incorporated.
- Restructuring involving companies in liquidation: Companies in the process of being liquidated may be involved in a merger. However, such companies may only be the absorbed company, and never the absorbing company.
- Restructuring involving companies of different nationalities: The restructuring within the OHADA region has been made a possibility by virtue to the Uniform Act. This removes any possibility of the conflict of laws between companies situate in the OHADA region.


Add comment