In BTI 2014 LLC v. Sequana SA and Others [2022] UKSC 25 (“Sequana”), the Supreme Court confirmed the existence of a duty owed at common law by company directors to consider the interests of its creditors, and also provided...more
12/23/2022
/ Board of Directors ,
Commercial Bankruptcy ,
Corporate Restructuring ,
Creditors ,
Debtors ,
Dividends ,
Fiduciary Duty ,
Insolvency ,
Liquidation ,
Shareholders ,
UK ,
UK Supreme Court
The pandemic has brought much uncertainty to the hotel sector — Intermittent national and regional lockdowns, work from home mandates and restrictions around domestic and international travel have left hoteliers in the...more
2/24/2022
/ Acquisitions ,
Business Assets ,
Buyers ,
Distressed Assets ,
Documentation ,
Hotels ,
Insolvency ,
Liquidation ,
Mergers ,
Sellers ,
Selling a Business ,
Target Company ,
UK
This bulletin is of particular interest to our clients and contacts who are directors of UK companies which face liquidity issues. Directors (including shadow directors) can be liable for the debts of their companies when...more