Senior Associate Evelin Lisett Ratnik in Äripäev: When does a business decision become a personal liability?
When does a business decision become a personal liability? Until now, it has been difficult to hold a business partner’s management board member personally liable for the partner’s debts. In a opinion article published in Äripäev, WALLESS Senior Associate Evelin Lisett Ratnik explains how a recent Supreme Court decision brings relief – if a board member has used the company’s assets for personal purposes and the business partner has become insolvent, personal liability will follow.
Read the full article (in Estonian): https://rebrand.ly/b1ee96