Director's duties in financially distressed companies in Australia | Practical Law

Director's duties in financially distressed companies in Australia | Practical Law

Company directors are given a high level of responsibility for the consequences of a company's trading should it become insolvent whilst they are in office as directors. Failure to discharge this duty can lift the corporate veil and impose personal liability on the director. This article examines the:

Director's duties in financially distressed companies in Australia

Practical Law UK Articles 0-523-0675 (Approx. 12 pages)

Director's duties in financially distressed companies in Australia

by Ian Walker, Minter Ellison
Law stated as at 01 Mar 2012Australia
Company directors are given a high level of responsibility for the consequences of a company's trading should it become insolvent whilst they are in office as directors. Failure to discharge this duty can lift the corporate veil and impose personal liability on the director. This article examines the: