CONDITIONS WHICH ENGAGE PERSONAL LIABILITY OF AUDITORS IN ROMANIAN INSOLVENCY PROCEDURE Cover Image
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CONDITIONS WHICH ENGAGE PERSONAL LIABILITY OF AUDITORS IN ROMANIAN INSOLVENCY PROCEDURE
CONDITIONS WHICH ENGAGE PERSONAL LIABILITY OF AUDITORS IN ROMANIAN INSOLVENCY PROCEDURE

Author(s): Rădiţa Corcheş
Subject(s): Economy
Published by: Addleton Academic Publishers
Keywords: personal liability; auditors; insolvency procedure; economic crisis

Summary/Abstract: The legal nature of the liability stated by art. 138, Law no 85/2006 refers to its special liability feature, which borrows a lot of characteristics of a tort liability. Being classified as tort liability, it means that it can be invoked under the conditions of general liability tort must be cumulatively fulfilled, as stated in Civil Code art. 998-999, namely: the existence of a prejudice, of illegal acts, the existence of causal relationship between act and injury, and the offense to be committed with guilt.

  • Issue Year: 6/2011
  • Issue No: 2
  • Page Range: 883-885
  • Page Count: 3
  • Language: English