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Article 335 — Period of Limitation and other Defenses
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ Claims for damages by the company, shareholders or creditors against directors and members of the supervisory board, if any, under the provisions of this Code shall be barred after two years from the date when the aggrieved party knew of the damage and the culprit; There shall be an absolute limitation after ten years from the date when the act complained of took place.
2/ The provisions under Sub-Article
(1) of this Article shall not apply to the institution of criminal proceedings against the members of board of directors or the supervisory board.