DMLF wish you Happy New Year. Let the New Year bring peace, prosperity, success and happiness to you, your business and loved ones.
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General Overview about Joint Venture in Ethiopia
By DMLF Team The Ethiopia Commercial Code Proclamation Number 1243/2021 defines a joint venture as a business organization established by an agreement among two or more persons. Joint venture has no legal personality and its existence is unknown to third parties. Registration formalities required of other business organizations do not apply to a joint venture. …
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Period of Limitation: Federal Cassation and House of Federation Decisions
By DMLF Team In Ethiopia’s judicial system, the decisions made by the Federal Cassation Bench, comprised of five judges, hold binding authority over all courts in the country. This principle is established under Proclamation No. 454/1997 and has been practiced for nearly two decades. Later, Proclamation No. 1234/2013 reaffirmed this binding effect in Articles 10(2)…
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Franchise Agreement and Legal Requirements
By DMLF TeamIn Ethiopia franchise agreement is governed by Commercial Registration and Business Licensing Proclamation (here in after CRBLP), investment law, IPRs protection laws, civil code etc. ‘Franchise agreement’ is defined under the Commercial Registration and Business Licensing Proclamation No. 980/2016 and its amendment No. 1150/19. Accordingly, ‘franchise agreement’ is defined as: an agreement concluded…
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Transformative Banking Reform: A New Era for Foreign Banks
By DMLF Team The Ethiopian Parliament has approved a significant “Banking Business Proclamation,” This Proclamation cited as the “Banking Business Proclamation No.1360/2024”.which allows foreign banks to operate within the country, marking a trans-formative change in Ethiopia’s financial sector. This legislation provides various pathways for foreign banks to establish a presence, including opening subsidiaries, branches, or…
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Overview of the New Federal Court Fee Regulation: Regulation No. 1/2024
By DMLF Team The Federal Court Fee Regulation has undergone its first amendment in 72 years, replacing the previous regulation from the era of the Emperor. The new regulation, numbered 1/2024, updates the court fee structure established in 1945 under Regulation no. 177. It is effective immediately upon publication in the Federal Negarit Gazette. This…
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Foreign Investors: Real Estate Development
By Sinishaw Hailu, Associate at DMLF Ethiopia, on December 5,2024, introduced a groundbreaking legal framework to govern real estate development, property marketing, and valuation. The law is known as Real Estate Development and Real Property Marketing and Valuation Proclamation No. 1357/2024. This new law aims to ensure accurate and reliable price information for property owners…