Restructuring & Insolvency Comparative Guide

185.00 £
Published date: 2024/08/02
  • Location: 95054, Fairfield, New Jersey, United States
Do they have an obligation to begin insolvency proceedings at any particular time? While there isn't any clear authorized normal, directors and officers of a company operating within the 'zone of insolvency' should assume that their fiduciary duties prolong to all stakeholders' interests. Directors and officers of US firms don't incur private legal responsibility for working whereas insolvent. While there is no express authorized obligation to commence insolvency proceedings at any explicit time, 江戸川区 法律事務所 administrators and officers could also be liable if their failure to start insolvency proceedings is found to be a breach their fiduciary duties.
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