Director liable vis-à-vis the bank in case of payment instruction on the day of insolvency order

Legal news

On 21 January 2015, the District Court of Overijssel ruled (ECLI:NL:RBOVE:2015:1011) that a payment instruction given by the (indirect) director of an insolvent company on the day of its insolvency constitutes an unlawful act vis-à-vis the bank.