Director´s liability for unlawful profits

• Autor: García Long, Sergio
• Formato: artículo
• Fecha de Publicación: 2023
• Institución: Pontificia Universidad Católica del Perú
• Repositorio: Revistas - Pontificia Universidad Católica del Perú
• Lenguaje: español
• OAI Identifier: oai:revistaspuc:article/28363
• Enlace del recurso: http://revistas.pucp.edu.pe/index.php/themis/article/view/28363
• Nivel de acceso: acceso abierto
• Materia: Directors; Companies; Unlawful profits; Tort law; Restitution; Unjustified enrichment; Profit stripping; Punitive damages; Directores; Sociedades; Beneficios ilícitos; Responsabilidad civil; Restitución; Enriquecimiento injustificado; Despojo de ganancias; Daños punitivos

Directors’ liability has certain aspects that demand a special legal treatment different from the general rules of civil liability. One such aspect is the commission of profitable wrongs, which are situations where a damage is caused intentionally to obtain a benefit. This makes compensation insufficient and requires for restitution and unjustified enrichment, and even figures of deterrence and punitive nature such as disgorgement of profits and punitive damages, which is a lively debate in comparative law.This paper analyzes the legal consequences derived from wrongs that generate illicit profits and shows the defectiveness of the current corporate regulation in this regard.