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Legal Updates

September 13, 2023

Critical Legal Update: Directive No. FXD/86/2023 – Off-shore Account Operations for Strategic Foreign Direct Investment Projects

The National Bank of Ethiopia (NBE) has issued a directive to attract foreign direct investment by allowing eligible projects to open offshore accounts and...
September 6, 2023

Influential Shareholders and Persons with Significant Influence in the Ethiopian Banking Sector

Influential shareholders in the Ethiopian banking sector are individuals, companies, or institutions that hold directly or indirectly two percent or more of the total...
August 8, 2023

Taxation on Capital Gains in Ethiopia

Capital gains refer to the profits earned from the sale of business assets such as stocks, bonds, or immovable properties. Capital gains taxation is...
July 24, 2023

The Law on Movable Collaterals in Ethiopia: What You Need to Know

A security right in a movable property is established through a security agreement. The security agreement must be in writing and signed by the...
July 12, 2023

Understanding the Legal Requirements for Electronic Signatures in Ethiopia

Understanding the Legal Requirements for Electronic Signatures in Ethiopia PDF Version Available Here In December 2018, Ethiopia adopted the Electronic Signature Proclamation No.1072/2018 in...
July 7, 2023

The Principle of Reciprocity in Ethiopian Trademark Law

Reciprocity is an agreement between countries for the endowment of rights and the imposition of obligations on each other’s nationals. Generally, it is expressed...
May 22, 2023

Legal Update on Addis Ababa City Administration New Property Tax Rate

Legal Update on the Revised Property Tax Levied by the Addis Ababa City Administration PDF Version Available Here The land tax, sometimes referred to...
May 15, 2023

The Distinction between a Commercial Agent and a Commission Agent in Ethiopia

The Distinction between a Commercial Agent and a Commission Agent in Ethiopia Both commercial and commission agents are traders that need commercial registration and...
May 2, 2023

Is the Declaration of Bankruptcy a Mandatory Requirement to Terminate an Employment Contract due to a Reduction in Work Volume or Profit?

Is the Declaration of Bankruptcy a Mandatory Requirement to Terminate an Employment Contract due to a Reduction in Work Volume or Profit? The Labor...
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