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Structural division: BOOK THREE › party › CHAPTER SIX
Article 616 — Remuneration of Supervisors in Reorganization and
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ The supervisor in reorganization and the trustee in bankruptcy shall be entitled to a reasonable remuneration in order to carry out their duties and exercise their powers, taking into consideration, in particular, the complexity of the case.
2/ The court shall fix the reasonable remuneration in the judgment for opening reorganization or bankruptcy proceedings.
3/ The court may, on the application of the supervisor in reorganization, the trustee in bankruptcy, a manager of the debtor or a creditor, review the supervisor or trustee’s remuneration at a level that is reasonable in the circumstances.
4/ The supervisor in reorganization and the trustee in bankruptcy shall not be entitled to receive any other amount except as a reimbursement of their costs and expenses to be paid out of the estate.
5/ The particulars of the remuneration may be determined in special regulations.