Commercial Law Blog (16)

It is generally agreed amongst the international community, at least in principle, that liberalization of trade and allowing the free movement of goods, services and people, among countries that share common geographic boundaries and states situated at different poles of the earth, is a must. In order to make the liberalization of trade a reality and to ensure the free flow of goods and services, states initiate various types of structures. The Common Market for Eastern & Southern Africa (COMESA) is Africa's largest economic community.…
In an old English case [Richardson v. Melish, 2Bing. 228(251) Court of Common Pleas, England (1824)] Judge Burrough stated that public policy is “unruly horse and once you get astride to it, you do not know where it will carry you.” This judge has sufficient reason for saying public policy is unruly horse: case law and scholars have tried to define public policy; but none succeeded in giving a concise, precise, and short definition. Its concept remains controversial. In English case law from 1853 [Egerton…
This article critically analyzes the share company law provisions of the Ethiopian Commercial Code in light of the OECD (Organization for Economic Cooperation and Development) Principles of Corporate Governance. For convenience, it organizes and analyzes the share company law provisions corresponding with the structures of OECD Principles. The article identifies and demonstrates the loopholes and drawbacks of the share company law provisions that should be revisited and updated in light of the relevant OECD Principles of corporate governance. 1.1 Enhancing the Legal and Regulatory Framework…