Mitigating Risk
The Ethiopian banking sector is facing a surge in Non-Performing Loans (NPLs). While the Foreclosure Law (Proclamation 97/98) gives banks power to auction collateral, debtors increasingly use procedural injunctions to stall the process.
Sheba LLP accelerates recovery. Led by Tesfaye Abay (former In-House Counsel for Lion International Bank), we understand the internal pressures of credit committees and the external tactics of defaulting debtors.
Automated Recovery
We use automated document generation to draft warning notices and auction announcements, ensuring strict compliance with the Civil Procedure Code while cutting processing time by 40%.
Banking Services
1. Foreclosure Execution
We handle the entire lifecycle: Notice Drafting, Auction Management, and Eviction. We ensure the process is bulletproof against future invalidation suits.
2. Defensive Litigation
Debtors often sue to stop auctions. We provide immediate defense against Injunctions and Invalidation Suits, challenging "stay orders" on technical grounds.
3. Loan Restructuring
Drafting legally binding rescheduling agreements that strengthen the bank's position if the debtor defaults again.