Abstract
Since Denmark did not have the principle of the 'business judgment rule' finally confirmed within the financial sector, a judgment
from the Danish Supreme Court on this matter was anticipated with great anxiety: whether the principle would be confirmed, and if so, how the further details of the principle would be drawn up. The conclusions are that not even banks’ boards or managers are to be considered ‘professional’; they remain under the protection of the ‘business judgment rule’, holds Danish Supreme Court. And rightly so, explains the author.
from the Danish Supreme Court on this matter was anticipated with great anxiety: whether the principle would be confirmed, and if so, how the further details of the principle would be drawn up. The conclusions are that not even banks’ boards or managers are to be considered ‘professional’; they remain under the protection of the ‘business judgment rule’, holds Danish Supreme Court. And rightly so, explains the author.
| Translated title of the contribution | Domstolsprøvelse af sager om bestyrelses- og direktionsansvar efter en finansiel krise |
|---|---|
| Original language | English |
| Journal | European Company Law |
| Volume | 17 |
| Issue number | 3 |
| Pages (from-to) | 72-75 |
| Number of pages | 4 |
| ISSN | 1572-4999 |
| Publication status | Published - 1 Jun 2020 |