When facing insolvency, the directors of a company need to be aware of what liabilities they may attract personally, and what liabilities will survive an insolvency proceeding (even where equivalent claims against the underlying company will be compromised). Moreover, directors need to be aware of what director liabilities it is possible to compromise through an insolvency proceeding. A compromise of director liabilities but might be an option. We provide advice on directors’ liability to directors and boards in the context of bankruptcy, insolvency, restructuring and all other matters.
R. Graham Phoenix