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
Consequential loss in Insurance Cases: Review of Cassation Decisions One of the basic principles of insurance applicable to property insurance is the principle of indemnity. This underlying principle provides that compensation payable to the insured upon occurrence of loss to his property could not exceed the actual value of the property at the time of … 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
