Liability of Company Managers under Ethiopian Law
Managers play a crucial role in the corporate world, entrusted with wide-ranging powers and responsibilities. However, when these powers are misused or exceeded, resulting in harm to the company, shareholders, or third parties, managers may be held personally liable. Ethiopian law provides a legal framework for such liability, deriving from commercial, agency, labor, tort, and criminal laws. The extent of liability varies depending on the business structure and the specific circumstances of each case.