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.