Creditors' Committees: An Anglo‐German Comparative Study

This article deals with the creditor's committee as a tool to increase the participation of creditors and thereby the transparency and acceptance of the office holder's decisions. For this purpose, the laws of England and Germany, as major and significant jurisdictions, will be analysed to compare the different approaches and results, particularly as regards the establishment, composition, tasks and procedure of the committee as well as the liability and the remuneration of the committee's members. Copyright © 2012 John Wiley & Sons, Ltd.