Board members liability in case of insolvency of a commercial enterprise Cover Image

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Board members liability in case of insolvency of a commercial enterprise

Author(s): Ludmila Jurisone, Irina Cvetkova
Subject(s): Economy, Law, Constitution, Jurisprudence, Business Economy / Management, Law on Economics, Accounting - Business Administration
Published by: Baltijas Starptautiskā akadēmija
Keywords: board members; insolvency process; responsibility; damage;

Summary/Abstract: The article is devoted to the topical problem, which is related to a board member responsibility in case of commercial insolvency. The current article reviews and analyzes the aspects of board members liability arising due to insolvency, as stipulated in the Commercial Law, Insolvency Law and Criminal Law. The legal aspects of the Board members liability for loss inflicted on society or creditors as resulting from their actions are reviewed and evaluated in the article. The article also summarizes and assesses the actual case law that has developed since 2015.

  • Issue Year: 44/2017
  • Issue No: 1
  • Page Range: 40-48
  • Page Count: 9
  • Language: Latvian