Board of Auditors Liable for the lacking assessment of macro violations.
By the order no. 16314 entered on 3 July 2017, the Court of Cassation has taken position on the Board of Auditors’ liability. The Court decided that the statutory Auditors may be held legally liable if they had not assessed a macro violation made by directors or they had not reacted as per provision of law to company’s acts of doubtful legitimacy.


