Liability of Directors in an LLC
Type
E-journal
Date
19 May 2016
Jurisdiction
Bahrain, Egypt, Iraq, Jordan, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates
Taxonomy
Directors
Copyright
LexisNexis
Relevant company
Al Tamimi & Company
Analysis
As a general principle, a limited liability company will be held liable for the actions of its manager when those actions are carried out in its name and within the scope of the manager's authority as set out in the company's Memorandum of Association.
As a general principle, a limited liability company will be held liable for the actions of its manager when those actions are carried out in its name and within the scope of the manager's authority as set out in the company's Memorandum of Association. The exception to this general principle is where the manager's activities are fraudulent.