Management liability: Breach of duty towards the GmbH
Managing director liability is a sensitive issue: The law stipulates that managing directors must exercise the care of a prudent businessman in the affairs of the company. A managing director who violates his duties is liable to the company for the damage caused. D&O insurance can protect him and the company. Author: Dr. Christian Andrelang, LL.M. Attorney-at-law Specialist in international commercial law […]