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Administrator liability in companies which have “gone missing”

In the litigation department, we provide defence for both parties: administrators sued by the company they belonged to, by a liability lawsuit, and the clients who have decided to sue the administrators of the indebted companies. In the latter case, when a client has suffered a failure to pay comes to our offices, we carefully study the case and, if viable, recommend the best mode to bring suit against the administrators – either through an individual liability suit, a suit to pursue debts, or an action of both cumulatively.
Currently, we are pursuing a claim against a company’s administrators (of more than 1 million euros of share capital). Due to losses suffered from the general economic crisis and disagreement at the heart of the Board, the company began dissolution proceedings. These proceedings, however, were not accompanied by the due diligence of the administrators to clear those losses and so created the corresponding liability.

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