The Legal 500

Editorial sections

Other

All countries

Company & Commercial - Germany

In a series of judgments the German courts have subjected directors of UK limited companies with 'centres of main interest' (COMI) in Germany to German insolvency law. In its judgment of September 24 2009 the Berlin Higher Regional Court held that the director of an UK limited liability company whose COMI is situated in Berlin was personally liable for payments made after the company has become insolvent or overindebted, as set out in Section 64, Paragraph 2 (now Paragraph 1) of the Act on Limited Liability Companies.

Read more...

First published in International Law Office. www.iloinfo.com

 

For more information please visit www.gsk.de