The mandate of representative of the group may be conferred only on natural or corporate
persons resident in the State Party of the head office of the debtor company.
The following may not be chosen to represent the group:
1°) the debtor company;
2°) companies having a share in the debtor company;
3°) companies which have guaranteed all or part of the commitments of the debtor company;
4°) managers or directors of the debtor company or of any company having a share in its capital,
as well as their ascendants, descendants or spouses;
5°) employees of the companies referred to above;
6°) the auditor of the companies referred to above;
7°) persons who have forfeited their right to be director, administrator or manager a company
in any capacity whatsoever.
Official translation
Spot-checked
In force from 17 April 1997
Source page 171