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Cap. 386 · Companies Act (Cap. 386)

Cap. 386 Art. 355Liability of director or expert for misconduct.

TITLE II - AMALGAMATION OF COMPANIES

In KraftAmtlicher Text

Any director of any of the amalgamating companies answerable for wilful or negligent misconduct in the preparation and the implementation of the amalgamation, or any expert responsible for drawing up, on behalf of any of the amalgamating companies, of the report on the draft terms of the merger answerable for wilful or negligent misconduct in the performance of his duties, shall be liable for all damages occasioned to any shareholder of any of the amalgamating companies as a consequence of his misconduct.