Legislator Case Law & Legislation
BS-1370/2005-OLR ECLI:DK:OLR:2023:BS0000005256 AI generated

Shareholders not personally liable for company debt absent piercing corporate veil or statutory exceptions.

Case Number BS-1370/2005-OLR
Court / Authority
Jurisdiction Denmark (DK)
Decision Date
Outcome Dismissed

Legislator summary

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The court dismissed the plaintiffs' claim against the shareholders of company A/S for personal liability regarding the company's debt. The plaintiffs argued that the shareholders should be held responsible, but the defendants maintained that the corporate veil protects them from such liability. The court ruled that without evidence of piercing the corporate veil or specific statutory exceptions, shareholders are not personally liable for the company's obligations.

Legislator headnote

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Afskrivningsloven; Virksomhedsloven: Shareholders are not personally liable for company debts unless the corporate veil is pierced or statutory exceptions apply.

Keywords

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corporate veil piercing shareholder liability company debt limited liability corporate personality
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Full text

Sag om, hvorvidt de sagsøgte, der ejer aktiekapitalen i virksomhed A/S, er personligt ansvarlige for virksomhedens gæld til sagsøgerne