As established in the Ghanaian landmark case Salomon v. Salomon , when a company is incorporated, it becomes a separate legal entity with perpetual succession.
This means the company continues to exist even if its members or officers leave, due to death or other reasons.
However, companies can face challenges and may need assistance to recover and grow, which is where corporate restructuring comes in.
This article will discuss corporate restructuring in Ghana, some different methods of corporate restructuring under Ghanaian law, and the role played by the Board of Directors in the process.
1. What is corporate restructuring
Corporate Restructuring is making major adjustments to a company’s financial and operational structure,…
