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[Apr 2017] Gabby Investment Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Access Real Estate and Gabby Investment Settle 46m Br Suit but the Case is Still Pending in Court

The 46 million Br civil suit between Access Real Estate (ARE) and Gabby Investment takes a turn for the bizarre with the two sides agreeing to end their differences out of court yet continuing their cases at court for reasons yet to be clear.

Gabby’s lawyers admit to be confused about what is going on, while ARE’s lawyer declined to speak. The government appointed chair of the technical committee established to find resolution to the Access-related problems, Nuredin Mohamed, also declined to comment on the issue. Nuredin is advisor

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Supreme Court Rejects Access Real Estate’s Poor Capacity Petition

The Supreme Court has rejected the petition by Access Real Estate (ARE) against Gabby Investment based on the claim that it is unable to pay the 24,675 Br court fee due to poor capacity on July 6, 2015.

The case between ARE and Gabby Investment came about when the plaintiff, Gabby Investment filed a suit against the real estate developer on September 6, 2013. The plaintiff claimed that ARE had failed to fulfil a payment of 33.18 million Br as per the contract that the two parties had entered into in April of 2011 for the

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Federal High Court Rules against Access Real Estate in 72m Br Case

access realestateAccess real estate (ARE) lost its case against Gabby Investment. The Federal High Court passed a verdict against the real estate company in which it was ordered to pay 47 million Br on February 24, 2015.

The case between the two parties arose when the plaintiff, Gabby Investment, filed an accusation against the real estate developer on September 16, 2013. In its charge,

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