The council of Ministers

0
1969

The council of Ministers approved and referred to parliament to sign the Convention on the Recognition and Enforcement of Foreign Arbitral Awards in its regular meeting on Saturday December 14.
This will make arbitral awards made in other countries to be enforced by a court in Ethiopia without any other proceedings.
The Convention on the Recognition and Enforcement of Foreign Arbitral Awards, commonly known as the New York Convention, was adopted by a United Nations diplomatic conference on 10 June 1958 and entered into force on 7 June 1959. Ethiopia was one of the few countries that did not sign this.