Legal Updates – Page 2 – Yared Siyum & Associates Law Office (YSA) | Law firm in Ethiopia | Law office in Ethiopia | Legal Consultancy in Ethiopia

Construction (Real state) Contracts and Dispute Resolution under the Ethiopian Law

Introduction Construction contracts, under normal circumstances involve agreements between numerous parties for the performance of construction work, including the supply of materials and services related to building or civil engineering projects. These contracts are crucial in outlining the responsibilities, risks, and rewards of each party involved in a construction project. Despite the existence of a […]

Understanding the Basics of the Forex Rules in Ethiopia

Introduction In today’s globalized economy, efficient management of foreign exchange is essential for a nation’s financial health, particularly for developing economies like Ethiopia. Foreign exchange is crucial for facilitating international trade, investment, and remittances. Thus, proper regulation is necessary to ensure stability, control, and transparency in foreign exchange dealings. The National Bank of Ethiopia (NBE), […]

Trademark Protection in Ethiopia: A Comprehensive Guide

Trademarks are critical assets for businesses, enabling them to distinguish their goods or services from competitors and foster trust with consumers. In Ethiopia, trademark protection is regulated under the Trademark Registration and Protection Proclamation No. 501/2006, which provides a legal framework for the registration, protection, and enforcement of trademark rights. This guide delves deeper into […]

Fundamentals of Charities and Societies Law in Ethiopia

Introduction and Historical Background The notion of civil society organizations was introduced to the country following the promulgation of the 1960 civil code. Before the civil code came into effect, there were traditional community-based institutions resembling civil society organizations, such as Iquib, Idir, and Mahiber. However, the legislative introduction was necessary because traditional institutions could […]

Legal Update: Establishment of a Capital Market in Ethiopia

Legal Update: Establishment of a Capital Market in Ethiopia Introduction Capital formation or real investment is an essential ingredient for economic development and growth. It is also widely believed that capital markets have the potential to be powerful engines of economic growth in developing nations such as Ethiopia. Efficient capital market provides the public with […]

Ethiopia Officially a party to the New York Convention (NYC)

Introduction Ethiopia has been undertaking major economic reforms lately. These reforms are equally supported by legal reforms one of which is the ratification of the 1958 Convention on the Recognition and Enforcement of Foreign Arbitral Awards, commonly known as the New York Convention (NYC) on February 12, 2020. This makes Ethiopia the 33rd African and […]

Ethiopia is easing the rules and regulations of doing business.

Ethiopia is easing the rules and regulations of doing business. If you are planning to invest in Ethiopia, there is good news the government is doing a reform in its regulatory and service environment. Currently Ethiopia is ranked— under the world bank’s doing business ranking, due to the fact that the government is coordinating all […]

Are you planning to invest in Ethiopia?

Are you planning to invest in Ethiopia? Here are the latest legal developments that may affect your decision. 1. The commercial registration and business licensing proclamation number 980/2016 is further amended. This is part of the government’s effort in easing business startups. Since registration and licensing is crucial at the commencement stage if you are […]

New opportunity for FDI

New opportunity for FDI Ethiopian government declared its intention in opening the financial and telecom sector for the foreign and private sector. The financial sector is currently reserved for domestic investors only. The exclusion was extended to the Ethiopian born diaspora as well. However, in easing the current restrictions the government amended its banking business […]