{"id":61728,"date":"2020-12-21T10:37:24","date_gmt":"2020-12-21T09:37:24","guid":{"rendered":"https:\/\/www.fup-ag.com\/haftungsrisiken-des-geschaeftsfuehrers-bei-sanierungsmassnahmen-in-der-naehe-der-insolvenz\/"},"modified":"2024-11-04T11:49:26","modified_gmt":"2024-11-04T10:49:26","slug":"liability-risks-of-the-managing-director-in-the-event-of-reorganisation-measures-in-the-vicinity-of-insolvency","status":"publish","type":"blog","link":"https:\/\/www.fup-ag.com\/en\/blog\/liability-risks-of-the-managing-director-in-the-event-of-reorganisation-measures-in-the-vicinity-of-insolvency\/","title":{"rendered":"Liability risks of the managing director in the event of restructuring measures close to insolvency"},"content":{"rendered":"<div class=\"zw-cgb zw-cgb__120 zw-header-standard-block is-first-block     text-boxed\"><div class=\"bg-image\"><picture><img decoding=\"sync\" loading=\"eager\" fetchPriority=\"high\" id=\"zwi_57799\" class=\"zw-cgb__image\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=\" alt=\"\" onload=\"zwHeaderPictureDone(this,'pre_57799', 'pre_57799')\"><source id=\"LCP_57799\"><\/picture><\/div><div class=\"container zw-cgb-content zw-cgb__header-content-wrapper\"><h1 class=\"zw-cgb__headlines\"><span class=\"zw-cgb__preheadline\">Liability risks of the managing director<\/span><span class=\"zw-cgb__headline\">for restructuring measures in the vicinity of insolvency<\/span><\/h1><p class=\"zw-cgb__fulltext zw-cgb__content\">Expert: <strong>Dipl.-Ing. \/ MBA Wilhelm Dahm<\/strong><\/p><\/div>\n        <\/div><!-- .zw-cgb .zw-header-standard -->\n\n\n    <div class=\"zw-cgb zw-cgb__000  zw-cgb_textblock  default-margin  b_standart  zw-t-l\">\n            <div class=\"container zw-cgb-content\">\n        <h2 class=\"zw-cgb__headlines\"><span class=\"zw-cgb__preheadline\">F&amp;P Blog<\/span><span class=\"zw-cgb__headline\">To rule out risks, you have to know them, because&#8230;<\/span><\/h2><p class=\"zw-cgb__fulltext \">Restructuring measures in financial difficulties have always entailed high risks for the managing director. He is responsible for every decision with his private assets and even risks criminal prosecution.<\/p><p class=\"zw-cgb__fulltext \">The suspension of the obligation to file for insolvency due to the coronavirus pandemic has not made the situation any easier. On the contrary, many managers are not aware that if the company is unsuccessfully rescued and it is then necessary to apply for insolvency proceedings, it will be closely examined whether the insolvency<\/p><ul class=\"zw-cgb-ul fulltext \"><li class=\"\">is caused by the pandemic<\/li><li class=\"\">the insolvency may have occurred after 30.09.20 and before 31.12.20.<\/li><\/ul><p class=\"zw-cgb__fulltext \">In both cases, the insolvency administrator will hold the managing director accountable for delay in filing for insolvency pursuant to <strong>Section 15 InsO<\/strong> and thus make him liable for damages.<\/p><p class=\"zw-cgb__fulltext \">The managing director does not want to imagine such a scenario and is well advised to seek legal advice at an early stage.<\/p>              <\/div>\n    <\/div>\n\n\n\n\n    <div class=\"zw-cgb zw-cgb__000  zw-cgb_textblock  default-margin  b_standart  zw-t-l\">\n            <div class=\"container zw-cgb-content\">\n        <h2 class=\"zw-cgb__headlines\"><span class=\"zw-cgb__preheadline\">What are the liability risks<\/span><span class=\"zw-cgb__headline\">that a managing director has to deal with?<\/span><\/h2><p class=\"zw-cgb__fulltext \">The following laws are excerpts, but show the minefield in which the managing director moves and what he must pay attention to in order not to risk his well-being and that of his family:<\/p><ul class=\"zw-cgb-ul fulltext \"><li class=\"\"><strong>Insolvency law \u00a7 15 a InsO, obligation to file for insolvency:<br><\/strong>The managing director has a maximum of 3 weeks to file for insolvency when the reason for insolvency occurs. Violation of this rule can result in fines or even imprisonment for up to 3 years in the best case scenario.<br>The risk of falling into this trap is particularly high if the company has not established any early warning systems (e.g. rolling liquidity planning) or the accounts are not maintained in a timely manner. (Incidentally, this is additionally sanctioned (\u00a7283 StGB)).  <\/li><li class=\"\"><strong>The Criminal Code<br><\/strong>Various sections are used here as examples, depending on the situation.<\/li><\/ul><ul class=\"zw-cgb-ul fulltext \"><li class=\"\"><\/li><li class=\"\"><strong>The Civil Code<\/strong><\/li><li class=\"\"><strong>The limited liability company law<\/strong><\/li><li class=\"\"><strong>Tax code<\/strong><\/li><\/ul><p class=\"zw-cgb__fulltext \">The laws listed above are not exhaustive, but show the high-risk environment in which the managing director, but also the managing interim manager, operates. It is irrelevant whether he is a managing director by mandate or only acts as such (de facto managing director).<\/p><p class=\"zw-cgb__fulltext \">Managing directors are advised to appoint experts at an early stage who are familiar with<\/p><ul class=\"zw-cgb-ul fulltext \"><li class=\"\">the legislation<\/li><li class=\"\">Strategy development<\/li><li class=\"\">tax matters<\/li><li class=\"\">insolvency law<\/li><li class=\"\">labor law<\/li><\/ul><p class=\"zw-cgb__fulltext \">to achieve a sustainable turnaround and reduce risks to a minimum.<\/p>              <\/div>\n    <\/div>\n\n\n\n\n    <div class=\"zw-cgb zw-cgb__000  zw-cgb_textblock  default-margin  b_standart  zw-t-l\">\n            <div class=\"container zw-cgb-content\">\n        <h2 class=\"zw-cgb__headlines\"><span class=\"zw-cgb__headline\">The bottom line<\/span><\/h2><p class=\"zw-cgb__fulltext \">In the vicinity of insolvency, the managing director is advised to get the appropriate experts on board who are familiar with the procedures, but who also come from the entrepreneurial side, because it is primarily about the continued existence of the company and not about breaking it up.<\/p><p class=\"zw-cgb__fulltext \">In principle, the managing director is required to pay attention to the appropriate monitoring tools, maintain clean bookkeeping and establish reliable liquidity planning. This can already compensate for some risks.<\/p><p class=\"zw-cgb__fulltext \">Particularly in view of the new legislation (StaRuG), which comes into force on 01.01.21, the requirements for managing directors have been tightened and must now be adapted to.<\/p><p class=\"zw-cgb__fulltext \"><strong>F&amp;P Executive Solutions AG specializes in these topics and is always available to answer further questions.<\/strong><\/p><p class=\"zw-cgb__fulltext \"><\/p>              <\/div>\n    <\/div>\n\n\n\n\n    <div class=\"zw-cgb zw-cgb__000  zw-cgb_textblock  default-margin  b_standart  zw-t-l\">\n            <div class=\"container zw-cgb-content\">\n        <h2 class=\"zw-cgb__headlines\"><span class=\"zw-cgb__preheadline\">Your expert<\/span><span class=\"zw-cgb__headline\">for refurbishment<\/span><\/h2>              <\/div>\n    <\/div>\n\n\n\n\n    <div class=\"zw-cgb zw-cgb__140 team-member  black-color default-margin  \">\n            <div class=\"container-fluid\">\n        <div class=\"zw-cgb-content member-row row\">\n          <div class=\"team-member-single zw-cgb zw-member-item col-12 col-lg\" ><div class=\"zw-cgb zw-cgb-content\"><div class=\"image-content\"><div class=\"image-container single-featured teaser-portrait\"><a href=\"https:\/\/www.fup-ag.com\/en\/team\/wilhelm-dahm\/\" title=\"Wilhelm Dahm\"><picture><source srcset=\"https:\/\/www.fup-ag.com\/wp-content\/uploads\/2023\/03\/FuP-Dahm_Wilhelm_Expert_Header.png 992w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2023\/03\/FuP-Dahm_Wilhelm_Expert_Header.png 1400w\" media=\"(orientation: landscape)\" sizes=\"(max-width: 992px) 425px, (max-width: 1400px) 500px, 525px\" ><source srcset=\"https:\/\/www.fup-ag.com\/wp-content\/uploads\/2023\/03\/FuP-Dahm_Wilhelm_Expert_Header.png 992w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2023\/03\/FuP-Dahm_Wilhelm_Expert_Header.png 1400w\" media=\"(orientation: portrait)\" sizes=\"(max-width: 992px) 425px, (max-width: 1400px) 500px, 525px\" ><img decoding=\"async\" loading=\"lazy\" id=\"zwi_66767\" class=\"zw-cgb__image\" src=\"https:\/\/www.fup-ag.com\/wp-content\/uploads\/2023\/03\/FuP-Dahm_Wilhelm_Expert_Header.png\" alt=\"\"><\/picture><\/a><\/div><\/div><div class=\"column-content\"><div class=\"inner-content\"><p class=\"zw-cgb__fulltext\"><span class=\"zw-title\">Dipl.-Ing. \/ MBA <\/span>Wilhelm Dahm<\/p><p class=\"zw-cgb__fulltext zw-position\">Senior Partner<\/p><a class=\"zw-phone\" href=\"tel:+49 171 838 25 34 \" title=\"Phone\"><i class=\"fa-regular fa-phone\"><\/i>+49 171 838 25 34 <\/a><a class=\"zw-mail\" href=\"mailto:dahm@fup-ag.com\" title=\"E-Mail\"><i class=\"fa-regular fa-envelope\"><\/i>dahm@fup-ag.com<\/a><div class=\"zw-socials-container\"><a class=\"zw-social linked-in\" href=\"https:\/\/www.linkedin.com\/in\/wilhelm-dahm-aba7a55\/\" target=\"_blank\" title=\"Social Link\" rel=\"noopener\"><i class=\"fa-brands fa-linkedin-in\"><\/i><\/a><\/div><div class=\"zw-link-container\"><div class=\"zw-cgb zw-cgb-button-container \"><a href=\"https:\/\/www.fup-ag.com\/en\/team\/wilhelm-dahm\/\" class=\"zw-cgb__btn btn btn-primary \">To the expert profile<\/a><\/div><\/div><\/div><\/div><\/div><\/div>        <\/div>\n      <\/div>\n    <\/div>\n\n","protected":false},"excerpt":{"rendered":"<div class=\"zw-cgb zw-cgb__120 zw-header-standard-block      text-boxed\">\n<div class=\"bg-image\"><picture><source srcset=\"https:\/\/www.fup-ag.com\/wp-content\/uploads\/2020\/12\/Blog-WDI_AdobeStock_220448114-150x150.jpeg 150w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2020\/12\/Blog-WDI_AdobeStock_220448114-480x252.jpeg 480w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2020\/12\/Blog-WDI_AdobeStock_220448114-768x403.jpeg 768w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2020\/12\/Blog-WDI_AdobeStock_220448114-1000x400.jpeg 1000w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2020\/12\/Blog-WDI_AdobeStock_220448114-1024x537.jpeg 1024w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2020\/12\/Blog-WDI_AdobeStock_220448114-1440x755.jpeg 1440w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2020\/12\/Blog-WDI_AdobeStock_220448114.jpeg 1920w, https:\/\/www.fup-ag.com\/wp-content\/uploads\/2020\/12\/Blog-WDI_AdobeStock_220448114.jpeg 9999w\" sizes=\"(max-width: 480px) 100vw, (max-width: 768px) 100vw, (max-width: 1024px) 100vw, (max-width: 1440px) 100vw, 100vw\" ><img decoding=\"async\" loading=\"lazy\" id=\"zwi_57799\" class=\"zw-cgb__image\" src=\"https:\/\/www.fup-ag.com\/wp-content\/uploads\/2020\/12\/Blog-WDI_AdobeStock_220448114.jpeg\" alt=\"\"><\/picture><\/div>\n<div class=\"container zw-cgb-content zw-cgb__header-content-wrapper\">\n<h2 class=\"zw-cgb__headlines\"><span class=\"zw-cgb__preheadline\">Liability risks of the managing director<\/span><span class=\"zw-cgb__headline\">for restructuring measures in the vicinity of insolvency<\/span><\/h2>\n<p class=\"zw-cgb__fulltext zw-cgb__content\">Expert: <strong>Dipl.-Ing. \/ MBA Wilhelm Dahm<\/strong><\/p>\n<\/div><\/div>\n<p><!-- .zw-cgb .zw-header-standard --><\/p>\n","protected":false},"author":15,"featured_media":59730,"menu_order":57,"template":"","categories":[],"expertise":[53330,53340],"service":[],"industry":[],"type-blog":[],"class_list":["post-61728","blog","type-blog","status-publish","has-post-thumbnail","hentry","expertise-controlling-en","expertise-redevelopment"],"_links":{"self":[{"href":"https:\/\/www.fup-ag.com\/en\/wp-json\/wp\/v2\/blog\/61728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fup-ag.com\/en\/wp-json\/wp\/v2\/blog"}],"about":[{"href":"https:\/\/www.fup-ag.com\/en\/wp-json\/wp\/v2\/types\/blog"}],"author":[{"embeddable":true,"href":"https:\/\/www.fup-ag.com\/en\/wp-json\/wp\/v2\/users\/15"}],"version-history":[{"count":3,"href":"https:\/\/www.fup-ag.com\/en\/wp-json\/wp\/v2\/blog\/61728\/revisions"}],"predecessor-version":[{"id":109049,"href":"https:\/\/www.fup-ag.com\/en\/wp-json\/wp\/v2\/blog\/61728\/revisions\/109049"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fup-ag.com\/en\/wp-json\/wp\/v2\/media\/59730"}],"wp:attachment":[{"href":"https:\/\/www.fup-ag.com\/en\/wp-json\/wp\/v2\/media?parent=61728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.fup-ag.com\/en\/wp-json\/wp\/v2\/categories?post=61728"},{"taxonomy":"expertise","embeddable":true,"href":"https:\/\/www.fup-ag.com\/en\/wp-json\/wp\/v2\/expertise?post=61728"},{"taxonomy":"service","embeddable":true,"href":"https:\/\/www.fup-ag.com\/en\/wp-json\/wp\/v2\/service?post=61728"},{"taxonomy":"industry","embeddable":true,"href":"https:\/\/www.fup-ag.com\/en\/wp-json\/wp\/v2\/industry?post=61728"},{"taxonomy":"type-blog","embeddable":true,"href":"https:\/\/www.fup-ag.com\/en\/wp-json\/wp\/v2\/type-blog?post=61728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}