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International Corporate Rescue

Journal Issues

  • Vol 1 (2004)
  • Vol 2 (2005)
  • Vol 3 (2006)
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  • Vol 17 (2020)
  •         Issue 1
  •         Issue 2
  •         Issue 3
  •         Issue 4
  •         Issue 5
  •         Issue 6
  • Vol 18 (2021)
  • Vol 19 (2022)
  • Vol 20 (2023)
  • Vol 21 (2024)
  • Vol 22 (2025)

Vol 17 (2020) - Issue 3

Article preview

Directors' Duties in a COVID-19 World

John Whiteoak, Partner, Kevin Pullen, Partner, and Andrew Cooke, Senior Associate, Herbert Smith Freehills LLP, London, UK

Synopsis

With a global pandemic causing unprecedented uncertainty for businesses, it has never been more difficult for the directors of UK companies fully to discharge their duties – and the risks when they do not do so have never been higher. Government schemes which seek to protect UK businesses may add to the pressure on directors to continue trading through financial difficulty, but it is essential that they appreciate what potential liability they face when doing so. Even if there were legal clarity as to the scope and content of a director’s duty in respect of creditors’ interests, discharging that duty is incredibly challenging when so much factual uncertainty exists.

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International Corporate Rescue

"International Corporate Rescue is a brilliant resource. The articles are always informative and interesting. It helps to keep me up to date with developments in insolvency and restructuring, both in England and many other jurisdictions."

Charlotte Cooke, Barrister, South Square

 

 

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