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Companies in Difficulty

A Guide for Directors

By (author) David Bridge
Format: Paperback
Publisher: ICSA Publishing Ltd, London, United Kingdom
Published: 1st Jun 2009
ISBN-10: 1860724272
ISBN-13: 9781860724275
Barcode No: 9781860724275
This guide provides up-to-date guidance on the obligations of company directors whose companies are facing financial difficulties and pending insolvency. It explains what their obligations are in relation to such issues as avoiding wrongful or fraudulent trading or being party to undervalue transactions and discusses the penalties that may result from a breach of statutory and fiduciary duties in these and other areas. It also explains the procedural steps and safeguards for ensuring that your company takes the right action to get paid by those who are themselves in dire financial straits.

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