DIRECTORS’ RESPONSIBILITY TO CREDITORS IN COMPANY LAW Cover Image

DIRECTORS’ RESPONSIBILITY TO CREDITORS IN COMPANY LAW
DIRECTORS’ RESPONSIBILITY TO CREDITORS IN COMPANY LAW

Author(s): Tatjana Jevremović Petrović
Subject(s): Business Economy / Management, Civil Law
Published by: Правни факултет Универзитета у Београду
Keywords: Directors’ responsibility; Directors’ duties; Creditors; Torts;

Summary/Abstract: This paper deals with the issue of directors’ responsibility as one of the main instruments of efficient creditor protection. In continental laws this responsibility can be established in tort law, based on fault. Also, UK law and most developed continental laws are also introducing special instruments of directors’ liability when a company is in the vicinity of insolvency through wrongful trading or similar functional equivalent rules. Different national law systems of directors’ responsibility are compared with the current regime of directors’ responsibility in Serbian law.

  • Issue Year: 60/2012
  • Issue No: 3
  • Page Range: 149-169
  • Page Count: 21
  • Language: English