1. Member States shall lay down rules specifying the grounds and procedures for the removal and replacement of members of creditors’ committees. Those rules shall also provide for the situation where members of a creditors’ committee resign or are unable to perform their duties.
2. Grounds for removal as referred to in paragraph 1 shall include at least an intentional or grossly negligent breach of duties of a serious nature with respect to the interests of the general body of creditors, such as situations of conflict of interest.
Text as published in the Official Journal, reproduced verbatim (including any typographical quirks of the source). For the authentic version, see EUR-Lex.
