PROCLAMATION No.1184 /2020 A PROCLAMATION TO RATIFY THE CONVENTION ON RECOGNITION AND ENFORCEMENT OF FOREIGN ARBITRAL AWARDS

WHEREAS, the Convention on the Recognition and Enforcement of Foreign Arbitral Awards was adopted on 10th June 1958;

WHEREAS, ratifying the convention enhances foreign investment by boosting a country’s goodwill in enforcing contracts of foreign parties;

WHEREAS, the House of Peoples’ Representatives of the Federal Democratic Republic of Ethiopia has ratified said Agreement at its session held on the 13th day of February 2020;

NOW,THEREFORE, in accordance with Article 55 (1) and (12) of the Constitution of the Federal Democratic Republic of Ethiopia, it is hereby proclaimed as follows.

  1. Short Title

This Proclamation may be cited as “the Convention on the Recognition and Enforcement of Foreign Arbitral Awards Ratification Proclamation No.1184/2020.”

  1. Declaration

1/ In accordance with Article 1 (3) of the Convention on the Recognition and Enforcement of Foreign Arbitral Awards, the Government of the Federal Democratic Republic of Ethiopia declares that it will apply the Convention for Recognition and Enforcement of Arbitral Awards made only in the Territory of another contracting State.

2/ In accordance with Article 1 (3) of the Convention on the Recognition and Enforcement of Foreign Arbitral Awards, the Government of the Federal Democratic Republic of Ethiopia declares that it will apply the convention on differences arising out of legal relationships, whether contractual or not, which are considered commercial under the National Law of Ethiopia.

  1. Reservation

The Convention only applies in the Federal Democratic Republic of Ethiopia with respect to Arbitration Agreements concluded and Arbitral Awards rendered after the date of its accession to the Convention.

  1. Ratification of the Convention

The Convention on the Recognition and Enforcement of Foreign Arbitral Awards is hereby ratified.

  1. Responsibility of the Attorney General

The Attorney General of the Federal Democratic Republic of Ethiopia is hereby authorized to undertake, in collaboration with the Ministry of Foreign Affairs and other Government Organs, all acts necessary for the implementation of the Convention.

  1. Effective Date

This Proclamation shall come into force up on publication in the Federal Negarit Gazette.

Done at Addis Ababa, this 13th day of March 2020

SAHLEWORK ZEWDE

PRESIDENT OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA

By Abrham Yohannes

Abrham Yohannes Hailu Licensed Lawyer & Consultant

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