This book provides an overview of the Danish version of this legal doctrine, which is a turning point in most disputes regarding the liability of directors and officers in Danish companies. The recent Supreme Court decisions regarding the liability of directors and officers in bankrupt banks have developed the doctrine in Danish law.

The doctrine is put into context by a thorough comparative study with, primarily its US/Delaware ‘mother’, which provides an understanding of this doctrine, born in a common law jurisdiction, and transferred to the Danish civil law legal system.

The book provides insights into the different standard liability situations, known in Danish law, and a thorough examination of a large number of Danish court decisions, distilling how the doctrine applies in different standard liability situations.