Cap. 386 Art. 372Liability of director or expert for wilful or negligent misconduct.

Any person who -

(a) being a director of a company to be divided and who is responsible for the preparation and the implementation of the division, or

(b) being an expert who is responsible for drawing up on behalf of the said company the report on the draft terms of the division, and who, as a consequence of his wilful or negligent misconduct in the performance of his duties causes damages to any shareholder of the company to be divided, shall be liable for such damages.