Civil liability of members of management bodies of the company is in Slovenia primarily regulated by the Companies Act, the Financial Operations, Insolvency Proceedings, and Compulsory Dissolution Act and the Civil Code.
The civil liability of the director consists of two aspects: the director is liable to the company (so-called internal liability) with respect to his actions due to which damages incur to the company; under certain conditions the director may be personally liable towards third parties (so-called external liability).
The director shall under the Companies Act be obliged to perform his duties and shall act with the diligence of a conscientious and honest businessperson and shall safeguard the trade secrets of the company. In the case of “internal” liability, the director shall be liable for damages incurred to the company if the director committed unlawful action and acted in contravention to the said standard of diligence. In principle, the business judgement rule shall be applied at assessment the liability of the director for the damages incurred to the company. The company shall prove the breach of duties committed by the director(s), the damages incurred and the casual link between the director’s unlawful actions and the damages. There is a presumption of guild under the Slovenian laws, however, the directors may exculpate themselves by proving that they acted with the diligence of a conscientious and honest businessperson. In principle, the director is liable for damages in full if such were caused intentionally or through gross negligence.
In exceptional cases, the director may be personally liable towards third parties due to actions committed on behalf of the company. For example, if the director is employed with the company and due to his/her unlawful actions damages were incurred by third parties – in such cases third party would have the right to claim reimbursement of damages from the company as well as from the director directly, if the director committed the breach intentionally.