Liability of de facto managing director for delay in filing for insolvency

Insolvenz und Sanierung

Dr. Alexander Isola, ILO-Newsletter vom 23.1.2015

If an insolvency petition is filed too late and creditors incur damage because of it, the responsible managing director may be held liable. However, in practice, companies are often actually managed by a different person. In such cases the de facto managing director may be held liable.


Alexander

Dr. Alexander Isola

M.C.J. (NYU) Partner
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