RIGHTS AND DUTIES OF THE CREDITORS' COMMITTEE -
The principal body representing insolvency creditors is the creditors' assembly, through which creditors jointly exercise their rights vis-a-vis the insolvency debtor, the insolvency court and the insolvency administrator. Another important body that ensures creditor autonomy is the creditors' committee (Gläubigerausschuss), a representative body typically elected by the creditors' assembly. The creditors' committee's role is comparable to the monitoring bodies of a supervisory or advisory board under corporate law, and its primary functions include supervisory and supporting tasks vis-a-vis the insolvency administrator
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