Different countries frame the exact description of the role of directors of a company in different terms. One feature is common to all – the obligation not to continue trading if a company is insolvent. Again, the detailed implications of doing so vary from one jurisdiction to another.
We have produced a consolidated guide setting out what those duties are and how they change if a business is insolvent or at risk of becoming so. The guide also highlights the personal risks a director can face and sets out steps to help mitigate those.
To access the guide (covering Belgium, Czech Republic, France, Germany, Italy, Poland, Slovak Republic, Spain and England and Wales) click here.
