By Yasmine EDDAM
9 April 2025
When a company is faced with insolvency, receivership or liquidation proceedings, all eyes naturally turn to its directors. Whether they are managers, chairmen, managing directors, de jure or even de facto (i.e. those who, without an official title, actually exercise the power of management), they are on the front line. In addition to the company's survival, it is often their own personal liability that is at stake, whether in terms of financial, professional or criminal sanctions. What are their specific obligations during these proceedings? What are the financial risks to their personal assets? Can they be banned from carrying on a professional activity? The law strictly regulates the role and responsibilities of directors when their company is in difficulty. The purpose of this article is to shed light on their obligations, the financial and professional penalties they may incur in the event of misconduct, and other measures likely to affect them personally...
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