The New FDRE Commercial Code Proclamation no. 1243/2013 new provisions on Share Company
FDRE house of people’s representatives approved the new commercial code in March 2021. This newly enacted proclamation no. 1243/2021 will start enforcement after the day of publication on Negarit Gazette after replacing the 1960 Ethiopian commercial code. Our legal team managed to tailor the below major changes regarding share Companies.