Directors - How to Avoid Personal Liability in Times of Financial Difficulty

Economic downturns typically give rise to increased insolvency proceedings and stakeholder-driven litigation (as described in our recent briefing). The current economic circumstances are, therefore, likely to lead to greater scrutiny on director conduct.

This briefing looks in more detail at potential risk areas before offering practical guidance on what directors can do to protect themselves and the companies for which they act, particularly in circumstances where a requirement arises to have due regard to creditors’ interests.

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GUERNSEY
Sarah BrehautPartnerT +44 (0)1481 748 930sarah.brehaut@walkersglobal.com
Adam ColePartnerT +44 (0) 1481 748 912adam.cole@walkersglobal.com
Rupert MorrisPartnerT +44 (0) 1481 748 936rupert.morris@walkersglobal.com
Kate StoreyPartnerT +44 (0) 1481 748 924kate.storey@walkersglobal.com
Rajah AbusrewilGroup Partner*T +44 (0) 1481 748 945rajah.abusrewil@walkersglobal.com
Matt SandersGroup Partner*T +44 (0) 1481 748 914matt.sanders@walkersglobal.com

JERSEY
Jonathan HeaneyManaging PartnerT +44 (0)1534 700 786jonathan.heaney@walkersglobal.com
Robert DobbynPartnerT +44 (0) 1534 700 773robert.dobbyn@walkersglobal.com
Nigel SandersPartnerT +44 (0) 1534 700 862nigel.sanders@walkersglobal.com
Leanne WallserGroup Partner*T +44 (0) 1534 700 755Leanne.Wallser@walkersglobal.com
Fritha FordSenior AssociateT +44 (0) 1534 700 899fritha.ford@walkersglobal.com