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When do directors’ duties at law switch to being owed to the company’s creditors?

18 February 2019

A real, as opposed to remote, risk of insolvency is not necessarily enough for the duties of a board of directors to switch from being owed to its shareholders to being owed to its creditors. So ruled the Court of Appeal (“CA”) in its judgment in BTI 2014 LLC...

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Authors

Picture of Martin Brown
Martin Brown
Partner
London