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Clifford Chance

The New OHADA Uniform Act on Security

Client Briefing

19 May 2011

The Council of Ministers of the member states1 of the
Treaty for the Organization for the Harmonization of
Business Law in Africa (“OHADA”) adopted a new
uniform act on security on 15 December 2010 (the
“New Uniform Act”). Published in the OHADA Official
Journal on 15 February 2011, the New Uniform Act
entered into effect automatically in each member state,
without any further formalities, on 16 May 2011.2 The
New Uniform Act governs all security created on or after
16 May 2011. All security created before 16 May 2011
will continue to be governed by the uniform act on
security dated 17 April 1997 (the “Former Uniform Act”).

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The New OHADA Uniform Act on Security

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