The Law and Practice of Power of Sale Foreclosure in Ethiopia
No Thumbnail Available
Date
2005-06
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Addis Ababa University
Abstract
It has been alleged th at judicial foreclosure, owing to its lengthy process has
res ulted in bad business culture, which in tum, has adversely affected the income of
banks and the banking business in particular and the interest of the segment of the public
who deposit money with banks in general. And the recent laws of power of sale
foreclosure (proclamation No 97/1998 and 98/1998) have been issued believing that the
issuance of these laws would redress the said problems.
The study analyzes and identifies the problems surrounding the laws and practice
of power of sale fo reclosure in Ethiopia.
The study concludes by recommending alternative solutions which would help not
only collection of bank loans but that fairly serves all classes of creditors and debtors and
enable investment and business to flourish.
Description
Keywords
Law