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Part 2 · Opening of insolvency proceedings. Recognised assets and parties to proceedings  ›  Division 3 · Insolvency administrator. Bodies representing creditors › Section 60

Liability of insolvency administrator

(1) Insolvency administrators are liable to all the parties to the proceedings for damages if they violate the duties incumbent on them under this Code. They are required to ensure the due care of a prudent and conscientious insolvency administrator.

(2) If, as regards the fulfilment of the duties incumbent on them as administrator, insolvency administrators have to employ any of the debtor’s employees who are not obviously unqualified within the scope of their former activities, then pursuant to section 278 of the Civil Code the administrator is not responsible for errors made by these persons, but is responsible for supervising them, as well as for decisions of particular importance.

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