legal insights
25. March 2025
Managing director liability for cartel fines and investigation costs
If managing directors or board members breach their duties with regard to the management of a company, they are liable to pay damages to the company they represent pursuant to Section 43 (2) of the German Limited Liability Companies Act (GmbHG) or Section 93 (2) sentence 1 of the German Stock Corporation Act (AktG). Whether...
Reading time: 3 min
Directors’ Responsibilities, D&O
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