Parties to complex international arbitrations should take note. It is critically important to ensure that requests for relief in the written phases of the proceedings accurately capture.
(Business in Cameroon) - The government of Cameroon will sell most of its 98% shares in Commercial Bank-Cameroon (CBC), a release signed on May 4, 2021, by the bank’s Director General Léandre Djummo informs.
According to the release, most of the shares will be sold to a strategic partner selected via a call for expression of interest. Another portion will be sold to national retail investors on the regional exchange while the government will keep the remaining shares.
Currently, the schedule of the operations is not available yet but Léandre Djummo indicates that the schedule, as well as the measures taken in that regard, will be communicated in due course. He adds that the measures will be implemented in strict compliance with the OHADA Uniform act relating to Commercial Companies, and the banking regulations in force in the Central African subregion.
The battle among 121 children and 25 wives to inherit the wealth of a departed Cameroonian millionaire
The battle among 121 children and 25 wives to inherit the wealth of a departed Cameroonian millionaire
May 8, 2021 | Per his own autobiography, the late Cameroonian businessman, Victor Fotso, made his way through the world as an enterprising youngster selling peanuts. It was one of the popular cash crops grown in the western Cameroonian town of Bandjoun.
Soon enough, Fotso became a trader who dealt in anything that sold off the shelves and quickly. He opened a shop in Mbalmayo in central Cameroon in 1947. The business was great because by 1960, while still under 40, Fotso diversified into commercial transportation. And then Pierre Castel, the founder of Caste Group, now France’s largest producer of wine, came to town after Cameroon gained independence.
Heirs of rich businessman Victor Fotso hit the courts
Heirs of rich businessman Victor Fotso hit the courts
May 7, 2021
May 5, 2021
The Africa Report | The legal dispute over the ownership of rich businessman Victor Fotso’s estate, which involves 146 heirs (25 wives and 121 children), has gone to court in Cameroon and France.
After the death of 94-year-old magnate Victor on 20 March 2020 at the American Hospital of Paris in Neuilly-sur-Seine, three camps were formed within his family.
One of the children, Yves-Michel Fotso, is on the offensive. The former boss of Fotso Group, who was sentenced to life imprisonment but evacuated to Morocco for health reasons, has