Re:Crytek has not paid wages, employees are leaving
by cf21 on Sunday December 11, 2016 @08:48AM
(#13151045)
If you delay in filing for insolvency you become liable with your private assets in Germany (certainly true for GmbH).
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Re:Crytek has not paid wages, employees are leaving
by spangry on Sunday December 11, 2016 @10:13AM
(#13151361)
Same for Australian corporations (directors become liable for knowingly trading while insolvent). Normally they're treated as completely separate legal entities, but not in this specific case. I'm sure there are instances of this in US law too: I'd always thought the term 'piercing the corporate veil' originated from the US...