By Yasmine EDDAM
27 April 2025
When a company encounters difficulties, the law provides for various mechanisms to try to turn it around or, failing that, to organise its liquidation under the best possible conditions. However, these procedures can also lead to the liability of directors being called into question, or even to their being punished. For an overview of the risks of sanctions that can threaten the directors of a company in difficulty, and to understand the procedural rules and remedies detailed here, consult our summary article. Understanding how these sanctions are applied and how to defend against them is essential for any company director. Specific procedural rules apply whether the action is for liability for insufficient assets, personal bankruptcy, a management ban or criminal prosecution for bankruptcy. The aim of this article is to clarify these often complex aspects and to outline the possible avenues of appeal. Procedure for...
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