Guide
Directors' concerns: Facing insolvency and wrongful trading
09 February 2023
During the lifetime of a company some of the most difficult problems that a director faces are encountered if the company is in financial difficulty: not yet unable to pay its bills but with a possibility that it may end up in that position. At that stage the decisions made by a director may affect not only the survival and future of the company but also the director's own position. In this guide we explain how directors may protect themselves if a company is approaching insolvency.
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About Mourant
Mourant is a law firm-led, professional services business with over 60 years' experience in the financial services sector. We advise on the laws of the British Virgin Islands, the Cayman Islands, Guernsey, Jersey and Luxembourg and provide specialist entity management, governance, regulatory and consulting services.
