SECTION 787

The role ofrepresentative of the group can be awarded only to natural or legal entities residing in the State party where the headquarters of the debtor company is located. May not be chosen as group representative: 1)the debtor company; 2)companies with a stake in the debtor company; 3)companies guaranteeing all or part of the commitments of the debtor company; 4) members of company management or directors of the debtor company or a company with an a stake in its capital, as well as their ascendants, descendants or spouses; 5) employees of companies mentioned above; 6) auditors of companies mentionedabove; P. 212 of 267 7) persons banned from exercising the profession of a banker, or who are deprived of the right to lead, administeror manage a company in any capacity.