On October 1993, 16 African States signed a treaty known as the ‘Organisation pour l'Harmonisation du Droit des Affaires en Afrique’ (Organization for the Harmonization of Business Law in Africa, the ‘OHADA Treaty’). Two years later, on September 1995, it entered into force and provided its members with a uniform business law, a regional arbitration and dispute resolution institution, and a regional institute for the training and specialization of magistrates.