የመድን ውል አመሰራረትና አፈጻጸምን አስመልክቶ የሰበር ችሎት በበርካታ መዝገቦች የህግ ትርጉም ሰጥቷል፡፡ ከእነዚህ ውስጥ በከፊሎቹ ላይ የተሰጠው የህግ ትርጉም እና የህግ ትንተና እንደሚከተለው ቀርቧል፡፡ የመድን ውል አመሰራረት የመድን ውል ሲመሰረት እንደማንኛውም የውል አቀራረብና አቀባበል /offer and acceptance/ ሊኖር የሚገባ ሲሆን የውል አቀባበል /offer/ የሚከናወነው ደግሞ መድን ገቢው በመድን ሰጭው የሚዘጋጅን መግለጫ /proposal form/ ሲሞላና ይህንኑ … Continue reading
Every negotiable instrument to qualify as such must meet special requirements relating to form and content. These are mandatory requirements for the validity of the instrument. The absence of any one of such requirements renders the instrument non-negotiable. On the other hand, if it fulfills, it becomes negotiable i.e. transferable from one person to another … Continue reading
LICENSING AND SUPERVION OF THE BUSINESS OF FINANCIAL INSTITUIONS DOWNLOAD (.pdf) Regulation of Mobile and Agent Banking Services Directives No. FIS /0112012 Whereas, use of technology and innovative financial service delivery channels such as mobile devices and agents have significant contribution in deepening financial service accessibility to the wider section of the population at an … Continue reading
Effect of Formalities on the Enforcement of Insurance Contracts in Ethiopia Fekadu Petros (LL.B, LL.M; Arbitration Tribunal Manager, Ethiopia Commodity Exchange; Part-time Lecturer at AAU Faculty of Law) DOWNLOAD FULL TEXT Introduction The problems addressed in this article are related to the functions, purposes, and effects of non-observance of legal formalities in contracts of insurance … Continue reading
Brief Note This directives limits the total remuneration to be payed to members of board of directors of a bank to a maximum of 74, 000.00 Birr. (Fifty two thousand Birr)According to article 4.1 of the directive, Annual board compensation to a director shall not exceed birr 50,000 (fifty thousand birr). In addition o this … Continue reading
Brief note This law compels banking and financial institutions and other persons referred to as ‘accountable persons’ to disclose information they obtained from their customers. This in effect significantly changes the law of secrecy in Ethiopia. Before the enactment of this law, Ethiopian civil and criminal law provides protection against the disclosure of confidential information … Continue reading
Taken from Bankruptcy Law Teaching Materia Developed By: Mitiku Mada Alemayehu Tilahun Sponsored by the Justice and Legal System Research Institute Definition of Bankruptcy under the Ethiopian Commercial Code Book V of the Commercial Code under Article 969 and 970 defines, as to what bankruptcy is, in two different ways. As a principle, under Article … Continue reading
(Taken from Law of Banking, Negotiable Instruments and Insurance Prepare by Fasil Alemayehu and Merhatbeb Teklemedhn Sponsoredby Justice Justice and Legal System Research Institute) The Requirements to Carry on Insurance Business Art 656 of the Commercial Code provides that the law shall determine the conditions under which physical persons or business organizations may carry … Continue reading
Directive No. SBB/40/2006 AMENDMENT OF BRANCH OPENING Directive No. SBB/40/2006 AMENDMENT OF BRANCH OPENING 1. Issuing Authority These Directives are issued by the National Bank of Ethiopia pursuant to the authority vested in it by Article 41 of the Monetary and Banking Proclamation No. 83/1994 and Article 5(4) of the Licensing and Supervision of Banking … Continue reading
Directive No. SBB/41/2007 Directives to Transfer Duties and Responsibilities Related to Establishment and Operation of Export Credit Guarantee Scheme from the National Bank of Ethiopia to Development Bank of Ethiopia Whereas, national exporters need to compete on an equal footing with other exporters in increasingly competitive foreign markets and satisfy foreign buyers’ requirements; Whereas, it … Continue reading
