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What should directors of distressed companies be thinking about?

What should directors of distressed companies be thinking about?

by Paul Brindley | May 17, 2019 | Administration, CVLs

When a limited company starts to face financial problems, its directors need to bear in mind a number of aspects of insolvency law: Compliance with their duties under the Companies Act 2006 S171 Duty to act within powers S172 Duty to promote the success of the company...
Practical advice for directors of distressed companies

Practical advice for directors of distressed companies

by Paul Brindley | May 16, 2019 | Administration, CVLs, Ethics & Regulation

While a company is doing well, the law requires that the directors work to ensure the continuing success of the company for the benefit of the shareholders. It’s a duty that is owed to the company itself, and to the shareholders as a whole, not just one or some.  When...

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