Business, Management and Accounting
8 years ago

German directors face harsh liability rules, reform needed for balance.

SSRN Electronic Journal
Directors' Liability and Enforcement Mechanisms – General Structure and Key Issues – From the German Perspective
Hans Christoph Grigoleit

Paper Summary

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Directors' liability in Germany is a hot topic in corporate law. The rules are seen as too strict and unbalanced due to unclear duties, limited liability options, and difficulties in enforcing claims. The focus for improvement should be on liability limitations, with potential models discussed in the paper. However, any significant changes can only happen through legislative reform.