Major Problems Associated With Arbitration In Ethiopia

The thesis found out that arbitration in Ethiopia is encircled by lack of modernity of the substantive and procedural arbitration laws as a result of which the laws are not adaptable to the demands of commercial disputes of the day. The arbitration is not also institutionalized to cope up with the demands of investors and other commercial actors. Lack of awareness of the importance of arbitration on the part of the public is also a problem. Amendment of the arbitration laws, ratification of the New York Convention for the Recognition and Enforcement of Foreign Arbitral Awards, working in the promotion of importance of arbitration, and increasing the number, competitiveness and effectiveness of arbitral institutions are the solutions to the major problems.

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