Liability of Managing Directors of a GmbH for Incorrect Financial Information and “Civil Fraud” – Austrian Supreme Court Ruling 6 Ob 244/17a
Director’s liability is a recurring issue in both the Austrian and German courts. One reason is that, when a company goes into bankruptcy, its receivers and creditors tend to look for alternative sources of funds, especially when the directors are covered by D&O Insurance. In this Austrian case, a buyer of equipment from a company that…
