WLN tag: #liability
Austria: The practical significance of the Business Judgement Rule
The Business Judgement Rule as a Liability Privilege for Board Members The Business Judgement Rule (BJR) regulated in Section 25 (1a) of the German Limited Liability Companies Act (GmbHG) and Section 84 (1a) of the German Stock Corporation Act (AktG) is understood to be a legally enshrined liability privilege in favour of board members and managing directors, […]
WLN Litigation & Arbitration Focus Group
Today the WLN Litigation & Arbitration Focus Group met to conclude current discussions about bankruptcy proceedings in our jurisdictions. It addressed whether there are any special debts for which the director of a company can be held accountable more easily. Many thanks to Gloria Vinyals for chairing the meeting and to John Kenneally, Kevin Harrison, Sebastiaan Meeuwens and Ashley […]