Latest blog posts

New Ethiopian Commercial Code Proclamation No. 1243/2021 - English Version

15064 Downloads

New Ethiopian Commercial Code Proclamation No. 1243/2021 - English Version

Members of parliament have ratified the Commercial Code on March 2021, marking the first time in over six decades that the Code has seen any major revisions. Revised after 62 years, the new Code allows for the legal recognition of holding companies and single-member companies, as well as allowing virtual shareholder meetings. The new Code also introduces a variety of insolvency procedures in addition to bankruptcy, including preventive restructuring proceedings and simplified reorganization proceedings. It also incorporates new clauses that provide protection for minority shareholders on corporate transparency and disclosure, improved rights, and more stringent stipulations of responsibilities on the part of corporate boards. The changes made are expected to improve the ease of doing business in the country.

You can download the official version of this code (English Version) here. 

File Name: New Ethiopian Commercial Code Proclamation No. 1243-2021 - English Version.pdf
File Size: 2.69 MB
Download: 15064 times
Created Date: 10-26-2021

Editors Pick

Litigation
Back Ground of the Law In these days, it is in our usual venture to see many Ethiopian names on the bottles of Coca Cola thanks to the fanciful marketing strategy of Coca Cola Company. Coca Cola used ...
8363 hits
Arbitration Blog
{autotoc}         Abstract Today, the adjudicatory system of arbitration is replacing the court, since it is considered to be more private, economic, rapid, certain, conducive to business relationship...
4181 hits
Arbitration Blog
A principal-agent relationship is like a tripartite contract where the agent enters into any legal transaction on behalf of the principal. Art 2199 of the Civil Code defines agency as “a contract wher...
11859 hits
About the Law Blog
    ይርጋ ምንድን ነው? ይርጋ ዓላማው (ጠቀሜታው) ምንድን ነው? ይርጋ ጉዳቱስ ምንድን ነው? ይርጋ የሚያስጠብቀው የማንን መብት ነው? የይርጋ መሠረታዊ መርሆዎች ምንድን ናቸው? ይርጋን የሚመለከቱ የሕግ ድንጋጌዎች ምን ይመስላሉ? በይርጋ የማይታገዱ ጉዳዮች ምንድን ናቸው? የሚሉና ሌሎች ተያያዥ ነጥቦች በዚህ ጽሑፍ...
34155 hits

Top Blog Posts

About the Law Blog
  መግቢያ የአዲስ አባባ ከተማ አስተዳደር ካቢኔ ቀደም ሲል አውጥቶት የነበረውና የተከራየን ሰው ማስወጣት (በርግጥ ደንቡ ይህን ድርጊት አልከለከለም) እና የኪራይ ዋጋን መጨመር ለማገድ የወጣውን የደንብ ቁጥር 122/13 ማራዘሙን በድጋሜ አስታዉቋል፡፡ ይህ ደንብ የቤት አከራዮች ያከራዬት ቤት ላይ ዋጋ እንዳንይጨምሩ ...
Taxation Blog
It is perplexing for me, as a tax lawyer having worked for close to 10 years on Ethiopian tax laws, to see how the investment and finance community in Ethiopia is not worrying enough about the tax on ...
Succession Law Blog
መግቢያ ማንኛውም ሰው አንድ የፍርድ ውሰኔ ሊያገኝ የሚገባ ጉዳይ ያለው እንደሆነ ጉዳዩን ለማየት በሕግ ሥልጣን ለተሰጠው አካል ሊያቀርብ ሚችልበት የጊዜ ገደብ በልዩ ልዩ የሕግ ድንጋጌዎች ላይ ተመልክቶ ይገኛል፡፡ ይህን መሰል የጊዜ ገደብ በሕግ አጠራር ይርጋ ተብሎ የሚጠራ ሲሆን ትርጓሜውም በሕግ በተቀመጠው የጊዜ ገደ...
Succession Law Blog
መግቢያ የውርስ ህግ ክፍል በሆነው የፍትሐብሔር ህግ ቁጥር 826 ላይ እንደተመላከተው አንድ ሰው የሞተ አንደሆነ በሞተበት ጊዜ ዋናው መኖሪያው በሆነበት ስፍራ የዚህ የሟች የውርስ ሀብት ይከፈታል፡፡ የሟች ውርስ ሟች በሞተበት ቅጽበት የሚከፈት ቢሆንም የሟች የውርስ ሀብት እስከሚጣራ ድረስ የሟች ንብረት እንደ አንድ የ...