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Structural division: BOOK THREE › party › CHAPTER ONE
Article 642 — Appointment of the Supervisor in Reorganization
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ The court shall appoint a supervisor in reorganization, in accordance with the provisions of Article 610 to Article 616 of this Code, in the judgment rendered for opening reorganization proceedings. In complex cases, the court may appoint two supervisors in reorganization. The court may appoint the person suggested by the debtor.
2/ Where several supervisors are appointed, they shall act jointly except where the court authorizes them to act individually.
3/ Where the expert in the field of restructuring has prepared the sale of the business as a going-concern, the court shall appoint him as a supervisor in reorganization.