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Taking counsel: Personal liability of directors to creditors
The World Bank report “Principles for Effective Insolvency and Creditor Rights Systems” (revised edition, 2005) states that creditor protection is one of the key elements in a modern credit-based economy. The efficiency of protection of creditors’ rights reflects the efficiency of a country’s legal system and of the overall legal framework. One of the most effective and widely discussed legal remedies can be personal liability of a director/executive. A company is a member and/or director-ind ...| The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please log on using the form on the top of the page. If you don't have a membership yet - please subscribe. |
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