The administration of Abiy Ahmed (Ph.D.), has been undertaking wide-ranging legal reforms as part of its pledged economic liberalization and modernization process. Legislation has been devised or amended to regulate exchange rates, interest rates, demonetization, transaction limits, a loan freeze, and capital thresholds, among others, over the past couple of years. Among the reforms was also a revision of the half-a-century-old Commercial Code that many saw as overdue. However, changes to foreclosure laws in the new Code have left banking executives uneasy, writes EBR’s Bamlak Fekadu.