Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
612-822-4611

  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Collective settlement procedures for insurance companies

Collective settlement procedures for insurance companies

Djimtoingar, Grâce

Paperback

General Law

ISBN10: 620781102X
ISBN13: 9786207811021
Publisher: Our Knowledge Publishing
Published: Jul 1 2025
Pages: 80
Weight: 0.26
Height: 0.19 Width: 6.00 Depth: 9.00
Language: English
Although OHADA law is considered to be the common law for companies in difficulty, providing a harmonized legal framework for them, and is also concerned with the rationalization of collective proceedings within member states, the fact remains that for insurance companies, this law cannot be applied in its entirety due to their specificity. The CIMA Code, which sets out a number of special provisions applicable to the reorganization and liquidation of insurance companies, takes account of this speciality, bearing in mind that insolvency proceedings apply to companies facing financial difficulties or suspension of payments. However, we need to determine whether these criteria are defined in the same way under CIMA law as they are under OHADA law, in order to be able to initiate proceedings that could lead to the insurance company's recovery or disappearance.

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