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Structural division: BOOK THREE › party
Article 624 — Debtor in Possession
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
During the preventive restructuring proceedings, the debtor shall remain in possession and shall have the power to take all decisions falling within the ordinary course of business; Any decision outside the ordinary course of business, such as the sale of significant portion of assets and the creation of a security interest, shall require the prior approval of the expert in the field of restructuring.