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Time limits for personal payment liability in limited companies should be reviewed

14 May 2020 klockan 16.05

The current spread of the new coronavirus has resulted in both small and large companies increasingly having liquidity problems. The Riksdag has therefore called on the Government by way of an announcement to carry out a review with a temporary focus on the time limits in the Swedish Companies Act that apply for personal payment liability in the event of lack of capital.

The lime limits that apply today for measures to be taken in the event of lack of capital can result in company representatives choosing to wind up vigorous enterprises too early for fear of otherwise being affected by personal payment liability.

The proposed announcement has come about through a committee initiative. This means that the proposal has been introduced in a committee and is not based on a government bill or a private member's motion.