(1) To ensure the coordinated conduct of the insolvency proceedings against the assets of debtor companies in a group of companies, the coordinator and, if no one has yet been appointed to this role, the insolvency administrators of the debtor companies in the group of companies may jointly submit a coordination plan to the coordination court for confirmation. The coordination plan requires the consent of the group creditors’ committee if one has been appointed. The court rejects the plan ex officio if provisions concerning the right to submit a coordination plan, the content of the plan or the procedural treatment of the plan have not been complied with and those submitting the plan are unable to remedy the defect or do not remedy the defect within a reasonable time determined by the court.
(2) The coordination plan may detail all those measures which are expedient in respect of the coordinated conduct of the proceedings. In particular, the plan may contain proposals for
1. the re-establishment of the economic performance of the individual debtor companies in a group of companies and of a group of companies,
2. the settlement of intra-group disputes,
3. contractual agreements between the individual insolvency administrators.
(3) Each of the parties submitting the coordination plan is entitled to file an immediate appeal against the decision to refuse to confirm the coordination plan. The other parties submitting the plan are to be consulted in these proceedings.