March 29th, 2019 / Insight posted in Practical Guides

Liquidation Toolkit – Directors’ Duties

Day-to-day management of a company is delegated to its directors by the shareholders. Directors are often confronted by difficult decisions that can have a dramatic effect on the business and its financial position. In certain circumstances, this can result in directors incurring personal liability for corporate debts should the company be subject to an insolvency procedure.