ETHIOPIA Law and Practice Contributed by: Getu Shiferaw, Mehrteab Leul, Michael Sebsibe and Debora Belachew, Mehrteab & Getu Advocates LLP (MLA)
10. Litigation 10.1 Frequency of Litigation Litigation is not common in connection with M&A deals in Ethiopia. 10.2 Stage of Deal Although not common in Ethiopia, litigation may occur at any stage of a transaction. 10.3 “Broken-Deal” Disputes There were no disputes between parties with pend - ing transactions in Ethiopia in early 2020 with publicly available details.
11. Activism 11.1 Shareholder Activism Shareholder activism is not a common practice in Ethiopia. 11.2 Aims of Activists Since shareholder activism is not a common practice in Ethiopia, it is not feasible to discuss whether activ - ists seek to encourage companies to enter into M&A transactions, spin-offs or major divestitures. How - ever, activists who are not shareholders have tried to discourage companies from entering into similar transactions, especially those that are not common in Ethiopia. 11.3 Interference With Completion Shareholder activist interference with the completion of announced transactions is not common in Ethiopia.
480 CHAMBERS.COM
Powered by FlippingBook