How is Ethiopian law issued?
At a primary level, it is made by the parliament known in Ethiopia as the Ethiopian House of People's Representatives (HPR).
The laws that the HPR enacts are known as Proclamations.
At secondary and tertiary levels, laws are made by the various organs of government through delegation..
What is law of business organization in Ethiopia?
The Company Law of 1933 provides for various forms of business organizations, namely, share companies, joint stock companies, private limited companies, ordinary partnerships, and limited partnerships.
It also contains several provisions pertaining to the formation, operation, and dissolution of companies..
What is the legal system of Ethiopia?
Legal System
Ethiopia has a mixed civil law and customary law system.
Countries with civil law systems have comprehensive, continuously updated written legal codes designed to address an entire area of activity, such as criminal law, civil procedure, or commerce..
What type of law is used in Ethiopia?
Ethiopia is a federal state with a civil law legal system, combined with procedural laws principally inspired by the common law system.
The sources of Ethiopian laws include the Constitution, International Treaties, Codes and Statutes, Decrees, Regulations and Directives and Customary Laws..
- According to the Code a share company is a legal person, whose liabilities are met only by its assets. 10 Members are liable only to the extent of the contributions promised but not effectively made.
