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We have previously written about Ethiopia's accession to the Paris Convention. Now the next step, deposit by the government of Ethiopia of its instrument of accession to the Paris Convention, has been announced.

Ethiopia has of late taken measures that liberalize the financial sector. The issuance of the new Banking Business Proclamation No. 1360/2025 (Banking Business Proclamation) and Capital Markets Proclamation No. 1248/2021 (Capital Market Proclamation) are salient examples.

People who control a company, be they directors, managers or controlling shareholders, may use their power to divert the company's wealth to unfairly enrich themselves or others.