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This work provides an overview of the duties and liabilities of the managing directors, supervisory directors and shareholders of Dutch corporations. It focuses on the liability of shareholders and the doctrine of piercing the corporate veil. The primary area dealt with is civil liability, towards both the corporation and third parties, including the trustee in bankruptcy. There is also a chapter on criminal liability of managing and supervisory directors. In addition, the text discusses the EC Fifth Company Law Directive and liability insurance.