DTS Attorneys – Law Firm in Port Elizabeth

Directors – When Are They Personally Liable?

“… for the benefit of immunity from liability for its debts, those running the corporation may not use its formal identity to incur obligations recklessly, grossly negligently or fraudulently. If they do, they risk being made personally liable.” (Quoted in the judgment below) Particularly in hard times, it is not at all uncommon to find […]

We use cookies to improve your experience on our website. By continuing to browse, you agree to our use of cookies
X