Directors’ Duty for the Benefit of Creditors
Die Bedeutung der Geschäftsleiterpflicht zur Berücksichtigung der Gläubigerinteressen für den Schutz der Gläubiger einer englischen Limited mit Verwaltungssitz in Deutschland
1. Edition 2011
Universitätsverlag Osnabrück at V&R unipress
Schriften zum Internationalen Privatrecht und zur Rechtsvergleichung -
The quest for adequate creditor protection rules applicable to an English private limited company established in Germany in conformity with EU law has not come to an end yet. By focusing on Directors´ Duty for the Benefit of Creditors, the work looks at an English creditor protection measure which has not received much attention neither in Germany nor in England so far. The English case law is systematised and examined in detail in order to assess the relevance of this fiduciary duty for the protection of creditors in Germany. Consideration is given to economic and comparative analysis as well as to the question how the Duty for the Benefit of Creditors in Germany will be applied in German legal practice. It is suggested that the Duty for the Benefit of Creditors is potentially the most important instrument for the protection of creditors of an Englisch private limited company established in Germany.