- Parent Category: News Archives
- Created on Friday, 07 November 2008 00:19
- Last Updated on Thursday, 08 December 2016 14:08
Liability of a Ltd. Director
German legal professionals are having a hard time with the basic rights of European corporate law; i.e., how to integrate foreign legal institutes into the German legal system. This is especially true of Limited Liability Companies following the English Companies Act of 1985. The problem is not the concept of the Ltd., since Germany has its equivalent in the GmbH, but rather the extremely differing rules on founding and running such a company here in Germany. Normally, Germany would not allow a Ltd. to “unofficially” only operate from abroad, but being a member of EU, Germany must and therefore does allow such companies.