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S.L. 386.26 · Cross-Border Divisions Of Limited (S.L. 386.26)

S.L. 386.26 ст. 28Liability of director or expert for wilful or negligent misconduct.

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Any director of a Maltese company responsible for wilful or negligent misconduct in the preparation and the implementation of the cross-border division, or an expert responsible for drawing up, on behalf of any Maltese company, of the report on the draft terms of cross-border division responsible for wilful or negligent misconduct in the performance of his duties, shall be liable for all damages occasioned to any shareholder of such company as a consequence of his misconduct.