(1) The contract auditors are selected and appointed by the court, in each case upon the management boards of the contracting companies having filed a corresponding petition. They may be jointly appointed upon the management boards filing a common petition for all contracting companies. That regional court will have jurisdiction in the judicial district of which the controlled company has its seat. Where a division for commercial matters has been formed at the regional court, the presiding judge of said division will take the decision instead of the civil division. Section 318 (5) of the Commercial Code applies to the reimbursement of the auditors appointed by the court and their remuneration.
(2) Section 10 (3) to (5) of the Transformation Act applies accordingly.