Article 560 — Corporate Opportunities within a Group

1/ A parent company whether registered in Ethiopia or abroad, must not itself or through another subsidiary exploit a corporate opportunity of a subsidiary unless it has received the approval of directors of the subsidiary that have not been appointed by it, and if there are none, of the non-controlling shareholders of the subsidiary. 2/ The prohibition imposed on a parent company under Sub-Article (1) of this Article shall not apply to a wholly owned subsidiary.