WHAT IS THE RESPONSIBILITY OF THE DIRECTORS?

abogado responsabilidad administradores

The liability of directors, in the commercial, can be given basically for two reasons:
1.-Production of harm to society.
2.-Breach of the obligations imposed by law, such as promoting the dissolution of the company, under certain circumstances or seek the assistance.

Liability for damages, can be ordered through social action, when damage has been caused to the company directly or through individual action, when the injured party is a third party.
Actions for damages, can be accumulated to actions for breach of the obligations imposed by law.

Both actions can be accumulated.

Managers may also be responsible in other cases as in business on own shares and in cases of "competition". In these cases of "competition", addition to the fine the company, can impose up 60.000 euros to the legal representatives or members of the governing bodies of the legal person who was involved infringing the agreement or decision.

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