As shown by recent experience, implementation of public works may be accompanied by financial difficulties of the general contractor, which has a knock-on effect on subcontractors and suppliers and their liquidity. Despite performing the work or delivering the goods under the contract, they may not be paid. This raises the issue of who is liable for the lack of payment.
News & Legal Updates
The regulations regarding unfair commercial practices have been tightened up. In a difficult economic period, characterized as one of crisis, the survival on the market has become, for many merchants, a purpose and for its achievement they are willing to put in the fight any means, even some less "orthodox".
The new Civil Code which entered into force on 15 March 2014 introduces substantial changes into the liability rules applicable to the senior managers of business organisations. According to the new rule, senior managers shall have joint and several liability with their companies for damage caused to external parties in relation to their office.