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
The Corporate Insolvency and Governance Act 2020 received royal assent on 25 June 2020. Many of the provisions of the act are based on the bill which was initially proposed pre-COVID-19, with a framework having been set out...more
9/15/2020
/ Board of Directors ,
Breach of Contract ,
Contract Termination ,
Coronavirus/COVID-19 ,
Corporate Governance ,
Corporate Restructuring ,
Creditors ,
Debtors ,
Goods or Services ,
Insolvency ,
Lenders ,
Moratorium ,
Personal Liability ,
Suppliers ,
Supply Contracts ,
UK ,
UK Companies Acts ,
UK Insolvency Act ,
Winding Up Petitions ,
Wrongful Trading
Board Decision Making in a Down Cycle -
The last several months have been unprecedented in terms of how quickly and drastically business environments have changed. With widespread uncertainty and financial distress...more
8/26/2020
/ Board of Directors ,
Coronavirus/COVID-19 ,
Corporate Governance ,
Corporate Restructuring ,
D&O Insurance ,
Duties & Responsibilities ,
Financial Distress ,
Independent Directors ,
Liquidity ,
Personal Liability ,
Special Committees