Article 329 — Liability of Directors to Creditors

1/ Directors shall be liable for damage caused to creditors where the company continues its business after the time when the directors knew or ought to have concluded that there was no reasonable prospect of the company being able to pay its creditors. 2/ Directors who fail to preserve intact the company's assets shall be liable to the company's creditors to the extent of the reduction in the company’s assets they caused where the company’s assets are not sufficient to pay creditors. 3/ The company`s decision not to institute proceedings against the directors shall not affect the creditor`s rights to sue such directors.