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3 September 2009 | A definitive guide for directors of UK companies in difficulties:

..... mitigating personal risk while helping companies survive

Directors are more exposed than ever to personal risk, legal challenges and the cost, not to mention the worry, of defending creditor actions. If you are the director of a company which might be at risk of falling into insolvency then this article is for you. We set out your risks and responsibilities, and provide guidance on what actions you can take to mitigate that risk and help the company survive.

The relevant case law is given for each section at the end of the article, and makes sobering reading!

Please click here for a pdf of the full article.

Article written by Susan Moor of Vantis Interim Management & Placement Services following discussions with Richard Ramsey and Adrian Doble who are partners of Vantis Restructuring Services. Legal insights provided by Louise Verrill of Brown Rudnick.