Fiduciary Duties of Directors of Financially Troubled Corporations | Practical Law

Fiduciary Duties of Directors of Financially Troubled Corporations | Practical Law

A Practice Note describing the fiduciary duties of the board of directors when a company becomes insolvent or is nearing insolvency and the measures that directors can take to limit their personal liability.

Fiduciary Duties of Directors of Financially Troubled Corporations

Practical Law Practice Note 9-384-4955 (Approx. 33 pages)

Fiduciary Duties of Directors of Financially Troubled Corporations

by Practical Law Bankruptcy & Restructuring and Practical Law Finance
Maintained • Delaware, USA (National/Federal)
A Practice Note describing the fiduciary duties of the board of directors when a company becomes insolvent or is nearing insolvency and the measures that directors can take to limit their personal liability.