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- W2728359709 abstract "The purpose of this paper is to present the civil liability regime for company executives under OHADA law. This regime is not very different from the French regime. The civil liability of company executives under OHADA law is twofold, according to the economic situation of the company. If the company is in good condition (in bonis) the civil liability is almost identical to the general civil liability either under personal action or company action (OHADA Uniform Act relating to commercial companies and economic interest groups). However, if the company is not in good condition, i.e., the target of a class action, the OHADA Uniform Act organizing collective proceedings for writing off debts creates a derogatory civil liability regime. The derogations extend to both the bringing into play and the effects of the regime. In this paper, the very existence of two separate civil liability regimes is questioned. Given that they have a common cause, that is, wrongdoing by company executives, it is far from clear why two different regimes were created. The argument related to the economic situation of the company at the point where civil liability arises is not pertinent. Legal consistency implies that penalties imposed for wrongdoing by company executives must be exactly the same regardless of the financial situation of the company." @default.
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- W2728359709 date "2007-01-01" @default.
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- W2728359709 title "Civil Liability of Company Executives under OHADA Law" @default.
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