On June 10, 2021, Ethiopia reached a historic milestone in its financial sector. The country’s parliament approved the much-anticipated Capital Market Proclamation, laying the groundwork for a fully regulated capital market ecosystem for the first time in its history.
A Watershed Moment: Ethiopia Launches Capital Market Proclamation Read More »
By Muluken Seid | 1 May 2021 In April 2021, the Ethiopian Parliament passed the Arbitration and Conciliation Proclamation No. 1237/2021, ushering in a new era for arbitration law in the country. Previously, arbitration matters were loosely scattered across the Civil Code and Civil Procedure Code, making Ethiopia’s legal framework outdated and investor-unfriendly. The new
Ethiopia’s New Arbitration Law: An Overview of Major Changes Read More »
On March 25, 2021, the Ethiopian Parliament passed a long-awaited reform: the Revised Commercial Code. This is a historic moment, considering that the previous Code—introduced in the 1960s—had remained unchanged for over six decades. While revolutionary at the time, the original Code became increasingly outdated, especially when compared with the legal systems of peer nations.
The New Ethiopian Commercial Code: A Highlight of Major Changes Read More »
