Ethiopia Modernizes Arbitration Framework
By EsqSocial Corporation 05/05/21
On 2 April 2021, Ethiopia enacted a new arbitration law, known as the Arbitration and Conciliation Working Procedure, Proclamation Number 1237/2021 (the "Proclamation"), to apply to commercial domestic arbitrations and international arbitrations whose seat is in Ethiopia. The new law is part of larger efforts in the country to modernize its laws and position Ethiopia as business-friendly, thereby attracting more foreign investment. Ethiopia is the second most populous country in Africa, with a...
By: White & Case LLP