Post
Topic
Board Hardware
Re: [ANN] Spondoolies-Tech - carrier grade, data center [Assets for sale!!] [UNMOD]
by
grn
on 29/05/2016, 00:14:22 UTC


He can not get anything from the bankruptcy estate. And he knows it perfectly well .
P.S. My post has been already deleted from dogie personal moderator.

Quote
Further to Section 373 of the Israeli Companies Ordinance, if it becomes evident during liquidation that the company’s business was managed in a manner intended to deceive its own or other creditors, or for any fraudulent purpose, the court may, at the request of the Official Receiver, the liquidator, a creditor or a shareholder, order that any director who knowingly participated in the management of the business bear unlimited personal liability for all or part of the company’s debts, as instructed by the court. The court may also impose criminal sanctions on that director, and even disqualify him from serving as company director or being directly or indirectly involved in the management of a company without court permission.

For such purposes, the term ‘director’ also covers a person who has not served as a formal director, if in practice the directors acted on that person’s instructions or guidelines.