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Structural division: books › CHAPTER TWO › SECTION ONE
Article 111 — Assets and Liabilities
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ A business shall normally not include the assets and debts of the trader, with the exception of the right to the lease of the premises.
2/ Nothing in this Article shall affect the special rules provided in relevant law regarding the rights of a transferee of a property with insurance cover and the rights of employees regarding the continuation of employment contracts when the business organization is transferred.