Article 600 — Territorial Jurisdiction

1/ The Ethiopian Court having jurisdiction in preventive restructuring proceedings, reorganization proceedings and bankruptcy proceedings shall be the Federal High Court of the place where the individual’s principal place or the registered office of the company or the legal person is situated. 2/ The Court having opened preventive restructuring proceedings, reorganization proceedings and bankruptcy proceedings shall have jurisdiction for actions which derive directly from these proceedings and are closely linked with them, such as actions regarding: a) the restructuring and reorganization plan; b) the confirmation of the sale of the business as going-concern; c) ongoing contracts; d) liability of the supervisory judges, trustees of the debtors’ estate, controllers and directors ; e) submission, verification and admission of claims; f) rights in rem; g) set-off; h) the sale or transfer of assets; i) ranking of claims; j) distribution of proceeds from sale; k) invalidation of acts; l) validation and enforceability of contracts; m) the discharge of the debtor; n) closure of the proceedings.