Clifford Chance

Rwanda – Where minority shareholders have a major right

19 January 2018

On 31 May 2017, Rwanda gazetted the highly anticipated Law No 27/2017 Governing Companies (the Companies Act), overhauling the regime regulating companies in Rwanda. Tucked within the act at section 4 of Chapter 9 is a relatively short set of provisions, rather innocuously entitled "Buyout", which hold major implications for investors considering Rwanda as an investment destination where the proposed transaction involves a minority partner.

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