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

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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 Isola, ILO-Newsletter, January 23, 2015


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Dr. Alexander Isola
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