Protection of the Creditors of the Company with Variable Capital Cover Image

Защита на кредиторите на дружеството с променлив капитал
Protection of the Creditors of the Company with Variable Capital

Author(s): Elislav Atanasov
Subject(s): Politics / Political Sciences, Politics, Economy, Law, Constitution, Jurisprudence, Business Economy / Management, Political Theory, Economic policy, Politics and law, Sociology of Law, Commercial Law
Published by: Университет за национално и световно стопанство (УНСС)
Keywords: company with variable capital; piercing the corporate veil
Summary/Abstract: This paper examines the legal instruments available to creditors for claims against a company with variable capital and more specifically the guarantee function of capital and the possibility of engaging in the personal liability of board members and controlling partners. A conclusion is made about the essence of penetrating liability as a special type of tortious liability, expressly provided for in the law to override the general rule that the company is independently liable for its obligations only with its own property.

Toggle Accessibility Mode