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The Resolution of Insolvency in Cameroon: Problems and Proposals for Reform

The Resolution of Insolvency in Cameroon: Problems and Proposals for Reform

Ngaundje Doris Leno
Copyright: © 2019 |Pages: 17
ISBN13: 9781522555414|ISBN10: 1522555412|ISBN13 Softcover: 9781522587507|EISBN13: 9781522555421
DOI: 10.4018/978-1-5225-5541-4.ch009
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MLA

Leno, Ngaundje Doris. "The Resolution of Insolvency in Cameroon: Problems and Proposals for Reform." Corporate Insolvency Law and Bankruptcy Reforms in the Global Economy, edited by Amit Kashyap, IGI Global, 2019, pp. 174-190. https://doi.org/10.4018/978-1-5225-5541-4.ch009

APA

Leno, N. D. (2019). The Resolution of Insolvency in Cameroon: Problems and Proposals for Reform. In A. Kashyap (Ed.), Corporate Insolvency Law and Bankruptcy Reforms in the Global Economy (pp. 174-190). IGI Global. https://doi.org/10.4018/978-1-5225-5541-4.ch009

Chicago

Leno, Ngaundje Doris. "The Resolution of Insolvency in Cameroon: Problems and Proposals for Reform." In Corporate Insolvency Law and Bankruptcy Reforms in the Global Economy, edited by Amit Kashyap, 174-190. Hershey, PA: IGI Global, 2019. https://doi.org/10.4018/978-1-5225-5541-4.ch009

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Abstract

In a world driven by credit, a speedy resolution of insolvency will build predictability and commercial confidence among credit providers, resulting in increased credit and reduced borrowing costs, facilitating the resuscitation of viable businesses, thereby maximizing the going concern value and preserving jobs, and also benefit entrepreneurs and lower the rate of liquidation of distressed firms. With this, the chapter employs one argument that Cameroon has not registered a success in the resolution of insolvency. The purpose of this chapter, therefore, is to highlight and discuss the reasons behind the poor performance of the country in resolving insolvency. The value of this chapter lies in the contribution it makes in the understanding of the OHADA legal framework on insolvency and improvement of the country's performance in the Doing Business ranking on insolvency.

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