Legal Action

“Don’t get caught out when trouble looms”

How can directors ensure they do not get in hot water if their company is facing financial difficulty? When a company is solvent a director’s duty is to “promote the success of the company.”  But what if the company is insolvent?  Writes Jamie Playford, a director and licensed insolvency practitioner with Parker Andrews Ltd. It is important that a director understands what “insolvent” means. The Insolvency Act 1986 c
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