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Structural division: BOOK THREE › party › SECTION THREE
Article 672 — Optional validation
New Ethiopian Commercial Code Proclamation No. 1243 2021 English Version
Article text
1/ At the request of the supervisor in reorganization, the court may invalidate all other acts performed by the debtor during the suspect period provided that:
a) the creditor knew or should have known that the debtor was already in a situation of cessation of payments; and
b) the act was detrimental to the estate or the payment was made in preference to other creditors.
2/ The supervisor in reorganization shall bear the burden of proof of the knowledge of the creditor referred to in Sub-Article
(1) (a), except where the act was concluded with a related party.