insolvency regulator

Supreme Court rules directors only owe duty to creditors on real risk of insolvency

7th October 2022 Global | #insolvency regulator

The UK’s Supreme Court has dismissed a claim calling for the law to be changed to force company directors to start taking creditors into account at the first risk of insolvency. The ruling clarifies the current legal position under which directors’ duties to creditors are triggered only when a company is either insolvent or on…

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insolvency regulator

Supreme Court rules directors only owe duty to creditors on real risk of insolvency

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