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Prudential supervision of credit institutions in the WAMU (West African Monetary Union)

The regulation on credit institutions is standardized by a law regulating banking in the WAEMU zone[1]. This new banking law, which entered into force in April 2010, makes a distinction between banks and banking financial institutions, but gives them a common name: “credit institutions”. Article 4 of this new banking law on credit institutions specifies […]

LEGAL CHARACTERISTICS AND TAX IMPLICATIONS OF A REPRESENTATIVE OFFICE IN SENEGAL

A foreign company interested in establishing an entity in Senegal for activities less important than those usually reserved for a branch or subsidiary may set up a representative or liaison office. It may be the promotion of headquarters activities, provision of information, scientific research, etc. Through this kind of establishment, a foreign company can test […]

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