Civil Law Liability of Directors

The thesis analyzes the civil law liability of statutory bodies, especially members of the board of joint-stock companies and managing directors of limited liability companies. The work is accompanied by the relevant case law. In thesis is first defined the concept of liability, principles of management and administration of corporations, and principles of acting on behalf of companies. Followed by a historical overview of the issue, particularly in relation to the Commercial Code (Act no. 513/1991 Coll.). The thesis deals with theoretical analysis of liability, assumptions of liability and other related issues. The main focus of the work is the analysis and comprehensive approach to legal institutes duty of care, duty of loyalty and the business judgment rule. The work includes a comparison of legislation contained in the already canceled the Civil Code and Commercial Code with legislation contained in the currently valid and effective Civil Code (Act no. 89/2012 Coll.) and the Business Corporations Act (Act no. 90/2012 Coll.). The thesis also deals with issues of legal guaranty of members of statutory bodies in connection with the bankruptcy and causing damage to the company. The work also includes a comparison of selected foreign jurisdictions. In the end is presented synthesizing conclusion..