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Corporate Insolvency and Restructuring Act, 2020 (as amended) 🇬🇭

Ghana 6 Citing Cases

Amendments

2020-10-27Corporate Insolvency and Restructuring (Amendment) Act, 2020
Coat of Arms
Republic of Ghana


The one thousand and fifteenth

Act

of the parliament of the republic of ghana
entitled

Corporate Insolvency and Restructuring Act, 2020 (as amended)

  • Published by Government Gazette on 30 April 2020
  • Assented to on 30 April 2020
  • Commenced on 30 April 2020
  1. [Amended by Corporate Insolvency and Restructuring (Amendment) Act, 2020 (Act 1031 of 2020) on 27 October 2020]
AN ACT to provide for the administration and official winding-up of insolvent companies and other bodies corporate and for related matters.PASSED by Parliament and assented to by the President

Preliminary Provisions

1. Purpose of this Act

(1)The purpose of this Act is to provide a legal regime for
(a)the administration of the business, property and affairs of a distressed company in a manner that provides an opportunity for the company to as much as possible continue in existence as a going concern;
(b)the temporary management of the affairs, business and property of a distressed company;
(c)the placing of a temporary free…

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