Directors' and members' issues

Directors' and members' issues guidance:

Directors of companies which become, or are likely to become, insolvent are under a duty to maximise the return to the company’s creditors. The relevant statutory...

Practice Note

Duties of a director The purpose of this Practice Note is to: • set out what additional duties arise for directors when the company is insolvent (or is verging on...

Practice Note

Directors of companies which become, or are likely to become, insolvent face additional considerations and are under a duty to minimise losses to the company’s creditors....

Practice Note

You recently came to see us/contacted us as a director of a company in financial difficulties. We write to you to bring to your attention some issues that you should be...

Precedents

A AdministrationAn insolvency process whereby an insolvency practitioner is appointed with the aim of achieving one of the statutory objectives, where the administrator...

Practice Note

This note aims to: • provide practical guidance to shareholders of a distressed/insolvent company • explain the position of shareholders in most types of corporate...

Practice Note