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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GRAF ISOLA Rechtsanwälte GmbH
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Dr. Alexander Isola
M.C.J. (NYU) | Partner
T:+43 316 833 777 - 0