Monday, November 19, 2018

The case where the court in Utrecht, the Netherlands, ruled on March 31, 2010, involved the following. The company “Double You Culinary” entered into an agreement with “BSB” with regards to the supply of drinks for a large horse racing competition in 2008. BSB has made several deliveries to Double You Culinary, who were then [...]

The Supreme Court in the Kingdom of the Netherlands has formulated a set of rules on which can be judged whether a director could be held personally liable for the debts of the company. If a director enters into an obligation on behalf of the company, while he actually knew at that moment – at [...]

To be successful, directors often take difficult decisions. The director therefore has a high degree of autonomy. A director shall be accountable only in retrospect about his actions affect the general meeting of shareholders. This is logical, because there is a certain freedom that comes with successful control. But governing also brings risks with it. [...]