Overview

When a company is in financial difficulty, additional duties can fall upon its directors. If these duties are not properly discharged, directors can face personal claims and/or disqualification.

If the company suffers from either a cash-flow or balance sheet problem, the law requires its directors to act in the best interests of the company's creditors. Although each case will require something different, this briefing outlines a series of practical steps directors can take to protect both themselves and their creditors from liability.

To learn more, click 'View Briefing'.