On the Subsidiary Liability of a Minority Participant in LLC
Bankruptcy of the debtor was stopped due to lack of sufficient funds. A creditor filed a lawsuit demanding vicarious liability of the debtor’s former participants with 40% and 60% shares in the chartered capital, the second one of which was also the debtor’s manager. The claims were satisfied in two instances. – Acknowledging the KDL […]
The trustee was sued for damages because of his wrongful intentional omission
The court of the first instance recovered damages from the inactive bankruptcy trustee. However, the court of appeal and the court of the district decided that the trustee may not be held liable: he had not included the data on the transactions to be disputed in the opinion of the interim trustee, which was merely […]