Re:Crytek has not paid wages, employees are leaving
by spangry on Sunday December 11, 2016 @06:06AM
(#13150551)
^^ I'm glad someone here gets it. And these kinds of laws are not at all unusual.
In Australia we have the same thing in our Corporations Act: trading while insolvent. Penalties are levied against company directors: $200,000 civil penalty, 5 years imprisonment, and directors being made personally liable for compensating creditors (i.e. 'piercing the corporate veil').
If your business fails, that's unfortunate and you have my sympathy. But it does not give you the right to economically damage the businesses and people around you on your way down.
In Australia we have the same thing in our Corporations Act: trading while insolvent. Penalties are levied against company directors: $200,000 civil penalty, 5 years imprisonment, and directors being made personally liable for compensating creditors (i.e. 'piercing the corporate veil').
If your business fails, that's unfortunate and you have my sympathy. But it does not give you the right to economically damage the businesses and people around you on your way down.