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Proc To Ratify 1958 NY Convention
Proc To Ratify 1958 NY Convention
FEDERAL NEGARIT GAZETTE
OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA
'() Content
A+, -." /0/123/5065 7.! Proclamation No.1184/2020
(9 A:
;<= >> ?@ (ABC The Convention on the Recognition and
E(EF GH$ EF GIJ! H!! 'K & Enforcement of Foreign Arbitral Awards
RatificationProclamation…………Page 12268
A+, …………………………………..:K 65051MN
A+, -." /0/123/5065 PROCLAMATION No.1184 /2020
(9 A:
;<= >> ?@ (ABC A PROCLAMATION TO RATIFY THE CONVENTION
E(EF GH$ EF GIJ! H!!O ON RECOGNITION AND ENFORCEMENT OF
;'K E A+, FOREIGN ARBITRAL AWARDS
(9 A:
;<= >> ?@ (ABC WHEREAS, the Convention on the Recognition
E(EF GH$ EF GIJ! H!! <B P and Enforcement of Foreign Arbitral Awards was
QO 6R1S 7.! GTUV adopted on 10th June 1958;
H!!WO 'K E I (9 A:" X WHEREAS, ratifying the convention enhances
Y:ZO ( GI[! O G! H!F foreign investment by boosting a country’s
F 'A > (9 IO\HGO ]< goodwill in enforcing contracts of foreign parties;
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^!" Y "> GTUV
I
: NOW,THEREFORE, in accordance with
GO>d AOQK Sb (/) EF (65) G<c Article 55 (1) and (12) of the Constitution of the
Yg;( h(ijj Federal Democratic Republic of Ethiopia, it is
hereby proclaimed as follows.
5. G>;) 2. Declaration
// H!!W AOQK / (P) G<c I 1/ In accordance with Article 1 (3) of the Convention
GO>d on the Recognition and Enforcement of Foreign
Arbitral Awards, the Government of the Federal
H!!WO >%
Y ":( t
Democratic Republic of Ethiopia declares that it
H!!W A% A:" >u (H. ;<= will apply the Convention for Recognition and
>> ?@ (ABC v (jj Enforcement of Arbitral Awards made only in the
Territory of another contracting State.
5/ H!!W AOQK / (P) G<c I 2/ In accordance with Article 1 (3) of the
GO>d Convention on the Recognition and
H!!WO >%
Y ":( I Enforcement of Foreign Arbitral Awards, the
Government of the Federal Democratic
> G<c O>p ;TU ( _! g(
Republic of Ethiopia declares that it will apply
(9 ;YI$w >Oxy v (jj the convention on differences arising out of
legal relationships, whether contractual or not,
which are considered commercial under the
National Law of Ethiopia.
P. 7Ez 3. Reservation
H!!W I
The Convention only applies in the Federal
O YG;g I{Y YT( Democratic Republic of Ethiopia with respect to
H!!W Q%_ :| QO } c~ Arbitration Agreements concluded and Arbitral
>> ?@ H!!y EF >> ?@ Awards rendered after the date of its accession
to the Convention.
(ABC _ v (jj
(9 A:
;<= >> ?@ (ABC The Convention on the Recognition and
E(EF GH$ EF GIJ! H!! ` Enforcement of Foreign Arbitral Awards is
hereby ratified.
A+, [pjj
$E_ A# > g(9 ~?_ The Attorney General of the Federal Democratic
Republic of Ethiopia is hereby authorized to
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undertake, in collaboration with the Ministry of
G%" H!!WO 'HIJ! ` Foreign Affairs and other Government Organs,
A+, <.yhjj all acts necessary for the implementation of the
Convention.
. A+ Y[F 6. Effective Date
_` A+,
h This Proclamation shall come into force up on
g QO ! [F _TFjj publication in the Federal Negarit Gazette.
A H A% Gs 3 QO 5065 7.! Done at Addis Ababa, this 13th day of March 2020
I
PRESIDENT OF THE FEDERAL DEMOCRATIC
REPUBLIC OF ETHIOPIA
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