Ethiopian Review

Addis Ababa – Ethiopian Commodity Exchange Authority has called for judiciary support and procedural coordination to beef up measures it mounted to prevent breaches of the law related to trade in commodities.

A relevant awareness raising training organized by the authority for federal court judges was held here on Saturday.

Authority Director General Ambassador Adisalem Balema told the participant judges that his authority shoulders the responsibilities to ensure the commodity market’s healthy functioning, prevent trespasses and to take appropriate measures against perpetrators.

Towards meeting these objectives, Ambassador Adisalem said, his authority has been working through its BPR-borne, process-based competences, particularly the processes of monitoring, follow up, advisory and administrative court affairs that oversee implementation of justice.

Decision of measures against breaches of the law related to commodity exchange falls within the jurisprudence of the authority, he said. However, he noted, support from judges was vital for speedy verdicts on cases being referred to federal courts on appeal.

The training is geared towards acquinting judges with the meaning and procedures of the modern system of commodity exchange, the kinds of breaches being perpetrated, ways of dealing with the trespasses and the relevance of related legal provisions.

Trainees commented that the forum would enable them to give quality decisions on related cases.

(ENA)