CEO will pay debt when there is an enforcement order against the company
A member of the management board may be held liable for the debts of a limited liability company. He or she is then liable with his or her own assets for the company's debts. When there are several board members, their liability is joint and several. When can a debt be recovered from these persons? For a more detailed explanation, read Dr Marcin Borkowski's article.
Related posts
Electronic communication with trade unions – upcoming changes
Electronic communication with trade unions – upcoming changesMDR and share capital increases – when is reporting required?
MDR and share capital increases – when is reporting required?GWW once again ranked first in Chambers - High Net Worth 2025 results
GWW once again ranked first in Chambers - High Net Worth 2025 results
The NSA and holding company exemptions – a strict interpretation, but not the end of purposive interpretation
The NSA and holding company exemptions – a strict interpretation, but not the end of purposive interpretationConcerned about
missing out
on key legal
developments?