Directors’ Liability: Limitation Period Consolidated

Supreme Court Ruling 1450/2025 (First Chamber) clarifies the application of Article 367 of the Spanish Companies Act (LSC):

• Distinction between liability for damages and liability for corporate debts.
• The limitation period for debt claims is the same as that of the guaranteed debt.
• The director is equated with a joint guarantor, reinforcing legal certainty.

Our litigation lawyer Pedro Millet Ruiz-Cerdà examines the key points of this ruling.

🔎 Read the full article here.