The Corporate Insolvency and Restructuring Act, 2020 (Act 1015) introduced for the first time in the Ghanaian jurisdiction, cross-border insolvency proceedings. The cross-border insolvency proceedings aim to achieve among others, legal certainty for trade and investment, protection and preservation of investment and employment, fair and efficient administration of cross-border insolvencies that protect the interests of creditors and debtors and other interested persons.

Act 1015 provides for cross-border insolvency proceedings in instances where assistance is required,

What do Ukraine, Sri Lanka, and Ghana have in common? They’ve all guaranteed bonds that once traded at a sizeable discount to their sovereign counterparts.