New Ethiopian Commercial Code Proclamation No. 1243/2021 - English Version 24 September 2022 Abyssinia Law | Making Law Accessible! Home Laws Federal Laws Database Draft Laws Regional Laws Constitutions Audio Legal Resources Decisions Cassation Decisions by Volume Cassation Decisions Database FFI Court Commercial Bench Decisions Blog Posts Resources Know Ur Legal Rights Researches Papers Policies and Strategies Codes, Commentaries and Explanatory notes Legal Forms Bench Books Human Right Documents Modules and Materials Study On-line About Our Laws Inapplicable Provisions Laws that need Amendment Matters that need enactment Lawyers About Us Who Are We Our Partners Advertise with Us Privacy Policy Professional Advice? Contact us How to submit a blog post You are here: Home Resources Codes, Commentaries and Explanatory notes New Ethiopian Commercial Code Proclamation No. 1243/2021 - English Version New Ethiopian Commercial Code Proclamation No. 1243/2021 - English Version Published on 26 October 2021 13357 Downloads Members of parliament have ratified the Commercial Code on March 2021, marking the first time in over six decades that the Code has seen any major revisions. Revised after 62 years, the new Code allows for the legal recognition of holding companies and single-member companies, as well as allowing virtual shareholder meetings. The new Code also introduces a variety of insolvency procedures in addition to bankruptcy, including preventive restructuring proceedings and simplified reorganization proceedings. It also incorporates new clauses that provide protection for minority shareholders on corporate transparency and disclosure, improved rights, and more stringent stipulations of responsibilities on the part of corporate boards. The changes made are expected to improve the ease of doing business in the country. You can download the official version of this code (English Version) here. File Name: New Ethiopian Commercial Code Proclamation No. 1243-2021 - English Version.pdf File Size: 2.69 MB Download: 13357 times Created Date: 10-26-2021 commercial code code Download View Copyright © 2022 Abyssinia Law | Making Law Accessible! . All Rights Reserved. Maintained by Liku Worku Law Office Top