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The liability of company management is a recurring theme in corporate disputes. A group of shareholders may be dissatisfied with a company s performance and unite against a specific manager, accusing them of performing reckless acts which are unfair or incompatible with social interests. In such situations, the shareholders will usually attempt to remove the manager from their position and hold them liable for damage caused by their alleged actions.
Managers liability
As a general rule,managers are not liable for the obligations incurred in the name of the company or for actions undertaken in the course of their role (Article 158 of the Corporations (S/A) Act). Managers personal liability for social damages is exceptional and admissible only when the manager: ....

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