Division (ii)

Both the Monitoring Trustee and the Divestiture Trustee (‘Trustee(s)’) must be independent of HRE. The Trustee must possess the specialised knowledge that is required in order to carry out its mandate, for example as an investment bank, consultant or auditor, and must at no time be exposed to any conflict of interest. The Trustee will be remunerated by HRE in a way that must not impede the independent and effective fulfilment of its mandate. The cost of the Trustee will, as far as is legally permissible, be borne by HRE, otherwise it will be borne by Germany.