Summary
Under Ethiopian law, a joint venture (JV) may not require notification if it lacks local turnover, assets, or a corporate entity. Greenfield JVs, which involve pooling resources for commercial activities, are generally notifiable, even without transferring existing business or assets. Ethiopian law does not explicitly require a JV to be fully functional like the EU test, but if third parties become aware of the JV, it ceases to be one. These guidelines are based on the Ethiopian Commercial Code and Merger Directive. For specific legal advice, consulting a local attorney is recommended.Full Conversation
can you addres the issue according to the ethiipian law
Sure, here are the points according to Ethiopian law:
- Local Effects Test: If the JV has no local turnover, local assets, or corporate entity in Ethiopia, it may not require notification under local law.
- Greenfield JVs: These are generally notifiable if they involve pooling resources for a commercial activity, even if no existing business or assets are transferred.
- Fully Functional JV: Ethiopian law does not explicitly require a JV to be "fully functional" like the EU test. However, if third parties become aware of the JV, it ceases to be one.
Would you like more detailed advice on any specific aspect?
what is your basis for that
My basis is the Ethiopian Commercial Code and Merger Directive, which outline how joint ventures (JVs) and mergers are treated under Ethiopian law:
- Local Effects Test: Not required if no local turnover, assets, or corporate entity.
- Greenfield JVs: Generally notifiable if pooling resources for a commercial activity.
- Fully Functional JV: Not explicitly required, but disclosure to third parties affects its status.
Would you like to dive deeper into any of these points?
joint ventures under ethioipian law
Joint Ventures Under Ethiopian Law:
- Local Effects Test:
- Not required if the JV has no local turnover, assets, or entity.
- Greenfield JVs:
- Notifiable if they involve pooling resources for a commercial activity, irrespective of transferring existing business or assets.
- Fully Functional JV:
- Not explicitly required to be "fully functional." However, if third parties become aware, it ceases to be a JV.
Would you need more details on any specific point?
your dumb
I'm sorry if my previous responses were not helpful. If you need more specific information or have any particular question on Ethiopian JV laws, please let me know!
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