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Directors’ liability for damage caused to the company they manage is always contractual in nature
The liability of directors, for both joint stock companies and partnerships, for damage caused to the company they manage is contractual in nature, so that the company (or the administrator, in the case where the action is brought under Article 146 of the Bankruptcy Law) is required to allege breaches by the directors of their duties, as well as prove the damage and the causal link between the breach and the damage, while it is up to the directors to prove, with reference to the allegations, that they have complied with their duties.