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(የንግድ ህግ) Commercial Code (English & Amharic version)

Published on: Tue, 2013-03-05 10:19

ይህ ህግ በስራ ላይ እንዲውል ከታወጀበት ጊዜ ጀምሮ ለሚቀርቡ ክሶችና በክርክር ላይ ላሉትም ክሶች ተፈጻሚ ይሆናል፡፡

In the modem world, IW nation can hope to expand its commercial and Economic life unless there exists a firm legal basis which will ensure the Necessary elements of stability and security in business transacti6m while at the same time providing a sufficiently articulated yet flexible framework within which trade and commerce may flourish and grow. Today, in Ethiopia, the Development of commerce has out grown the provision of the laws relating to Business organizations and bankruptcy which were promulgated during the first year of Our Reign and which were adopted the commerce and industry of those early days. The commercial life of Ethiopia has expanded, increasing numbers of Ethiopian and foreign company have been developed and registered, and more complex methods of transacting business have been developed in recent years

Recognizing the impetus which a modern Code regulating the constitution And activities of all business organizations could give to the further growth of trade and commerce, We directed the codification Commission created by US to prepare modern Commercial Code which would serve for the present day as well as provide a solid foundation for the further refinement of laws Creating of these subjects. We have directed that in the expansion and consolidati6n of Our commercial laws, great attention should be given to the control of all trading, and in particular to the control of the carriage of passengers and goods, an aspect of commercial activity which has increased greatly in the last decade. Similarly, in view of the further expansion of both foreign and internal commerce, it has been necessary to elaborate laws governing negotiable instruments and banking transaction

The Commercial Code which is today being promulgated fulfills these Requirements. It is grounded in Ethiopia's ancient laws and customs and has been further extended by reference to the laws of other great commercial powers.

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