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    tats de l'Afrique central (COBAC). Indeed , it is a commission formed under the COBAC organization that approves the liquidation of a bank.

    Liquidation is the winding up of the affaires of a

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    The management of a bank is a very complex thing. This complexity coupled with the prevailing problem of corruption has resulted today in the collapse of many banks, we think of the Credit Agricole, BIAO,BICIC etc. The issue of bank liquidation has now become topic and needs some elaboration. It is essential to note that from the onset that a bank in Cameroon may be a partnership or company and can in theory be dissolved in any of the ways that companies and partnerships dissolve.

    The law regulating banking operations in Cameroon is however more extensive than the law under which it companies are formed and managed. Banks are regulated by a combination of legal regulations and principles derived from regional treaties particularly that of the commission bancaire des etats de l'Afrique central (COBAC). Indeed , it is a commission formed under the COBAC organization that approves the liquidation of a bank.

    Liquidation is the winding up of the affaires of a b

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    le, BIAO,BICIC etc. The issue of bank liquidation has now become topic and needs some elaboration. It is essential to note that from the onset that a bank in Cameroon may be a partnership or company and can in theory be dissolved in any of the ways that companies and partnerships dissolve.

    The law regulating banking operations in Cameroon is however more extensive than the law under which it companies are formed and managed. Banks are regulated by a combination of legal regulations and principles derived from regional treaties particularly that of the commission bancaire des etats de l'Afrique central (COBAC). Indeed , it is a commission formed under the COBAC organization that approves the liquidation of a bank.

    Liquidation is the winding up of the affaires of a

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    any and can in theory be dissolved in any of the ways that companies and partnerships dissolve.

    The law regulating banking operations in Cameroon is however more extensive than the law under which it companies are formed and managed. Banks are regulated by a combination of legal regulations and principles derived from regional treaties particularly that of the commission bancaire des etats de l'Afrique central (COBAC). Indeed , it is a commission formed under the COBAC organization that approves the liquidation of a bank.

    Liquidation is the winding up of the affaires of a

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    which it companies are formed and managed. Banks are regulated by a combination of legal regulations and principles derived from regional treaties particularly that of the commission bancaire des etats de l'Afrique central (COBAC). Indeed , it is a commission formed under the COBAC organization that approves the liquidation of a bank.

    Liquidation is the winding up of the affaires of a

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    tats de l'Afrique central (COBAC). Indeed , it is a commission formed under the COBAC organization that approves the liquidation of a bank.

    Liquidation is the winding up of the affaires of a bank for the reason of paying off its creditors in order of their preference and distributing what is left to the shareholders. Article 1 of Ordinance No 3 of 17/4/90 states that the rules of liquidation of banks are different from those of the ordinary laws. The principal distinguishing element between the rules for liquidation of a bank and that of ordinary companies is the fact that the liquidation of a bank cannot be ordered by a court, this is because Article 1 of law No 3 of 27/4/90 specifically prescribes that liquidations must be voluntary

    In practice a bank goes into liquidation when its members by a resolution agree that the bank be wound up. The resolution winding up the bank also appoints a liquidator for the bank. Our banking law in Cameroonian termin

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