Revisiting Ethiopia’s Approach to International Arbitration: Latest Trends and Future Prospects

Abstract

Nowadays, Ethiopia is actively engaging in cross boarder commercial and investment activities. As a matter of fact, commercial and investment disputes are part of the business activities necessitating effective resolution mechanisms. International arbitration plays an irreplaceable role in resolving international dispute between businesses of different nationalities, as well as foreign investors and States. This article qualitatively reappraises how arbitration is being used in international commercial and investment disputes settlement in Ethiopia. It confirms that, in spite of its flexibilities and effectiveness, Ethiopia did not accord arbitration the place it deserves. It adds that arbitration is underutilized in international commercial and investment dispute resolution and recommends that the country should rethink its legal and institutional frameworks so as to establish a well-functioning arbitration system.

Keywords: Ethiopia, international commercial arbitration, international investment arbitration

DOI: 10.7176/JLPG/137-01

Publication date:October 31^st 2023