1.0LawDotNewshttps://dotnewsconnect.co.za/lawLawDotNewshttps://dotnewsconnect.co.za/law/author/lawdotnews/rich600338<blockquote class="wp-embedded-content" data-secret="QVH5VUj0bb"><a href="https://dotnewsconnect.co.za/law/2022/directors-when-are-they-personally-liable/">Directors – When Are They Personally Liable?</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://dotnewsconnect.co.za/law/2022/directors-when-are-they-personally-liable/embed/#?secret=QVH5VUj0bb" width="600" height="338" title="“Directors – When Are They Personally Liable?” — LawDotNews" data-secret="QVH5VUj0bb" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://dotnewsconnect.co.za/law/wp-includes/js/wp-embed.min.js </script> https://dotnewsconnect.co.za/law/wp-content/uploads/sites/2/2022/07/509a2ffe-357f-4a66-bdde-7688a5012605.jpg650300“… for the benefit of immunity from liability for its debts, those running the corporation may not use its formal identity to incur obligations recklessly, grossly negligently or fraudulently. If they do, they risk being made personally liable.” (Quoted in the judgment below) Particularly in hard times, it is not at all uncommon to find […]