Date and place of adoption: April 10, 1998 in Libreville (Gabon)
Date of publication in the OHADA Official Gazette: June 1st, 1998
Entry into force: August 31, 1998
The Uniform Act organizing simplified recovery procedures and measures of execution (UASRPME) organizes two simple legal procedures which a creditor may implement to compel its debtor to honor its commitment: the injunction to pay and the injunction to deliver or return a property.
In the area of execution measures, the UA organizes the rules on forceful execution and regulates the various constraint measures: provisional seizure (of tangible assets, debts, shareholders rights and movable properties) and enforceable seizures (seizure and sale, garnishee, attachment of earnings, attachment of immovable property).
The Council of Ministers of OHADA authorized the Permanent Secretary to assess the implementation of the UASRPME, with a view to further improve the legal framework on debt recovery and forceful execution.
[ Please click here to download the Uniform Act from OHADA's Digital Library: Biblio.Ohada.org ]