PART 3Process of Special Administration

CHAPTER 8The creditors’ committee

The chair at meetingsI172

1

The chair at any meeting of the creditors’ committee must be the administrator, or a person appointed by the administrator in writing to act.

2

A person so appointed must be—

a

one who is qualified to act as an insolvency practitioner in relation to the institution, or

b

an employee of the administrator or the administrator’s firm who is experienced in insolvency matters.