Revisiting Company Law with the Advent of Ethiopia Commodity Exchange (ECX): An Overview
AbstractThe historical development of the law of companies shows that this area of the law is evolving and continually changing based on the level of economic development. The law directly dealing with companies, the 1960 Commercial Code of Ethiopia, seems to limit the scope of the law of companies only to private limited companies and share companies, save the partnerships included in the Code. This is a very narrow approach as it leaves out public enterprises simply because they are not recognized under the Code. This article examines the salient features of company law and argues in favour of a broader understanding of the concept. As such, the article vets the main features of private limited companies, share companies, public enterprises and The Ethiopia Commodity Exchange) ECX and shows how the advent of the ECX has challenged the frontiers of the existing legal framework of Ethiopian law of companies. The study argues that ECX is a unique “hybrid-model” which can neither be categorized as a registered company nor as a public enterprise (statutory company) thereby enhancing the challenge to the frontiers of company law as envisaged in the 1960 Commercial Code of Ethiopia. Key words: Company law, public enterprise, Ethiopia Commodity Exchange (ECX), public-private partnership, hybrid-model company
a) Copyright of the content of the articles shall be retained by the author subject to the condition that it cannot be republished in another journal. The reproduction of the article as book chapter requires the acknowledgement of its prior publication in Mizan Law Review.
b) An author is entitled to deposit her/his published article in any Open Access repository subject to the condition that the format and layout shall not be changed. Depositing a post-publication version in any repository requires acknowledgement of the earlier version by indicating the Volume, Issue and page numbers of the version published in Mizan Law Review.
c) Articles published in Mizan Law Review are licensed under a Creative Commons Attribution-NonCommercial-NoDerivs (CC BY-NC-ND)
a) Where the Editorial Team deems it necessary, the editors may remove precise reference to names of individuals in case comments.
b) The names and email addresses submitted to and published in Mizan Law Review shall not be made available for any other purpose or to any other party.
Opinions expressed in articles, comments, case comments and sharing thoughts do not necessarily reflect the views of the Editorial Team, or the publisher of the journal, i.e., Center for Law in Sustainable Development, St. Mary’s University.