Economy

Banking law professionals from 12 African countries meet in Burundi

Burundi is hosting the 16th annual meeting of the African Association of Lawyers of Banking and Financial Institutions (AJBEF) since 3 April. For 3 days, banking law professionals representing 12 African countries will be discussing the challenges that the sector is faced with, said Clément Nduwimana, the chairman of AJBEF in Burundi when launching this three-day annual meeting.

Participants in the meeting of the 16th annual meeting of the African Association of Lawyers of Banking and Financial Institutions held in Bujumbura

Participants in the meeting of the 16th annual meeting of the African Association of Lawyers of Banking and Financial Institutions held in Bujumbura

“Participants will have the opportunity to exchange experience and knowledge. Our institutions face the same challenges,” said Nduwimana adding that the disputes between banks and their partners are caused by the risk of outstanding payments. He said bank professionals often bring their customers before the commercial court.
This jurist has said such meetings are often attended by law professionals from banks, the Ministry of Justice, defense lawyers and notaries who propose solutions to problems that their respective sectors are faced with.

The Burundian Minister of Justice has said this meeting is timely. “It coincides with the law on banking promulgated on 22 August 2017,” said Aimée Laurentine Kanyana. Thus, it offers a great opportunity for bankers and jurists to debate this law. “They will exchange ideas and make recommendations that will help refine the texts of its implementation,” she said.

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