The Role of the Arbitration Institute in Promoting ADR in General and Institutional Commercial Arbitration in Particular in Ethiopia: Challenges and Prospects
Posted: 3 Mar 2015
Date Written: December 30, 2013
Due to various reasons, lawsuits have become expensive, slow to achieve results and susceptible to abuse. Hence, these days, a shift from the conventional law court system has become a crucial move. This shift has resulted in the birth of a movement known as the Alternative Dispute Resolution (ADR) campaign. Some years has gone since free market economy is adopted in Ethiopia and economic liberalization has got on the track. These have accentuated the need for the welcoming of investors into the polity and facilitate international trade. For these investors and international business persons to come comfortably and play their role in this level playing field, there is a need to expand the dispute resolution mechanisms to cover these emerging circumstances. An important effort to this effect has been done by the Arbitration Institute of Addis Ababa Chamber of Commerce and Sectoral Associations. The establishment of the AI by AACCSA is considered as a remarkable shift in the development of institutional commercial arbitration in Ethiopia. This paper attempts to investigate the role of the Arbitration Institute in promoting ADR in general and institutional commercial arbitration in particular in Ethiopia and its challenges and prospects. The paper suggests that the Institute shall exploit the prospects and overcome the challenges to enhance its role in promoting institutional commercial arbitration in the country.
Keywords: Alternative Dispute Resolution; Arbitration; Arbitration Institute; Commercial Arbitration
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