When a company enters troubled financial waters, directors face difficult decisions about when and how to continue to trade. They have a number of core duties, and are exposed to personal liability if they breach those duties. In a significant decision released late yesterday, the Supreme Court has reviewed the duties that apply.

 

Click here for details of the decision, and what it means for directors.

David Friar
Partner

Tim Fitzgerald
Partner

Nick Moffatt
Senior Associate

Sarah Leslie
Senior Associate

 

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