Article 583 — Cancelation of registration

A branch shall be removed from the Commercial Register if any of the following occurs. 1/ the foreign sole proprietorship, business organization or similar entity that owns the branch is dissolved; 2/ The branch is closed; 3/ The branch has no manager and this is not remedied within six months from the removal of the previous manager; 4/ The branch manager has failed to file, as soon as reasonably possible, accounting documents and other statements regarding the foreign sole proprietorship, business organization or similar entity as required under Article 582 of this law and 5/ A branch creditor establishes that his claim cannot be satisfied out of the assets that the foreign sole proprietorship, business organizations or similar entity has within Ethiopia.