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The Enforcement of Commercial Contracts in Ethiopia

Abstract: 

The Commercial Contracts Enforcement In The Ethiopian Legal And Judicial Systems Framework Comprises Four Major Pillars Of Enforcement Mechanisms. Namely, It Embraces The Formal Judiciary System, The Informal Alternative Dispute Resolution (Adr) Mechanism, The Private Law Regimes And International Normative Order.

The Empirical Findings Testify That Both Court Adjudication And Adr Mechanisms In The Federal And Regional States To Resolve Commercial Disputes Are To Be In The Medium And Very Low Range. Thus, The Major Problems Facing Traders With Respect To Commercial Contracts Enforcement, In Order Of Significance Could Be Encapsulated Incorporating Elements Of: Slow Settlement Of Cases; Lack Of Skill And Knowledge In Law That Govern Commercial Activities; Red-Tape In The Judiciary And Unethical Exercise In The Court System. Besides, The Other Problems Found In Analyzing The Quantitative Study Alluded To The Lack Of Competent Lawyers And Supporting Institutions For Executing The Court's Order.
Moreover, the Credit Facilities Currently Allotted For Micro, Small and Medium Enterprises (Msmes) As Well As Big Business Undertakings Are Almost Negligible And Always Subject To Attachment Of Security Devices/Collaterals And Surety ship/Individual Guarantee

Corporate Author: 
Getnet Alemu & Worku Gebeyehu (Editor) & Ethiopian Economic Association/Ethiopian Economic Policy Research Institute
Publisher: 
Ethiopian Economic Association (EEA)
ISBN/ISSN: 
978-99944-54-24-2
Primary Descriptors: 

Threshold Level Of Inflation

Secondary Descriptor: 

Economic Growth

Geographic Descriptors: 
Ethiopia
Cataloge Date: 
02/27/2013
Broad Subject heading: 
Inflation
Call Number: 
330.963 PRO 2012
Serial Key Title: 
Proceedings of the Ninth International Conference on the Ethiopian Economy
Publication catagory: 
Content type: 
Volume: 
II
Publication date: 
2013-06-27 23:12:00
Forum or Discussion date: 
2013-02-27 15:43:29
Place of publication: 
Addis Ababa, Ethiopia
Type of material: 
Book
Current frequency: 
Annualy