Joint Undertaking or request for voluntary bankruptcy: the legal alternative in Spanish capital companies
DOI:
https://doi.org/10.5377/derecho.v0i21.3279Keywords:
insolvency proceeding, dissolution, companies with limited liability, directors, liability for company debtsAbstract
This paper deals with the conflict which sets out in Spanish Law in situations of serious economic crisis of companies with limited liability between the answer of the Company Law (dissolution) and the solution of the Insolvency Law (request for a declaration opening the insolvency proceedings). That conflict suggests the question of the distribution of powers inside the company; an interesting issue specially for the directors, due to the liability for company debts that could fall to them because of the offense of their legal duties.Downloads
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