Article 601 — Group of Companies and Procedural

1/ Each legal entity of a group of companies and their estates shall remain independent. The Court may not extend the proceedings opened in favor of an entity of the group of companies to another legal entity or physical person. 2/ The Court having first opened proceedings for a legal entity of a group of companies shall have territorial jurisdiction to open proceedings for other group members; The Court may appoint the same supervisor in reorganization or trustee in bankruptcy for all proceedings of the group. 3/ Where two or more legal entities of a group of companies are subject to proceedings which have been opened by one or several Courts in Ethiopia, such Courts, supervisors and the trustees shall cooperate and coordinate, to the extent possible, to establish a reorganization plan or facilitate the sale of the business as going-concern for the various members of the group. 4/ The cooperation and coordination referred to in Sub- Article (3) of this Article, may be implemented by any means that the Court, the supervisor in reorganization and the trustee in bankruptcy consider appropriate, in particular through: a) coordination in the appointment of supervisors in reorganization and trustees in bankruptcy; b) communication of any relevant information; c) coordination of the administration and monitoring of the assets and affairs of the group members; d) coordination of the conduct of hearings; e) coordination in the approval of the global reorganization plan or of the sale of the business as going-concern for various or all entities of the group.