Evolution of the principles of liability of members of the limited liability company’s body for damage caused to the company Cover Image

Ewolucja zasad odpowiedzialności członków organu spółki z ograniczoną odpowiedzialnością za wyrządzoną spółce szkodę
Evolution of the principles of liability of members of the limited liability company’s body for damage caused to the company

Author(s): Karol Olejnik
Subject(s): Law, Constitution, Jurisprudence, History of Law, Civil Law, Commercial Law, Comparative Law
Published by: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego
Keywords: liability for damage; members of company’s bodies; limited liability company; business judgement rule

Summary/Abstract: The article deals with the issue of liability for damage caused by members of bodies a limited liability company. Under Article 293 of the Polish Code of Commercial Companies, liability is one of the essential instruments of corporate governance. First, it should protect company’s assets from being spent without economic justification. On the other hand, it should ensure that members of the company’s bodies have certain range of freedom in decision-making processes, especially regarding decisions that carry the highest economic risk. The author presents the complexity of liability under Article 293 as liability of a contractual nature, using the method of analysis and criticism of legal provisions, views of legal scholarship and the established line of judicial decisions. The text principally deals with negligence as a ground for liability for damage and for this purpose the author analyzes the opinions of legal commentators and the judicature, that have changed lately. Additionally, the text presents the possible impact of the business judgement rule concept that is to be incorporated to the Polish legal system in the proposed amendment to the Polish Code of Commercial Companies.

  • Issue Year: 2021
  • Issue No: 36 (4)
  • Page Range: 63-79
  • Page Count: 17
  • Language: Polish