Mobile Menu
Articles

Directors’ Duties in Respect of Insolvency

August 2010

Insolvency can be determined by reference to two different tests. The first of these is where the liabilities of the company (both actual and contingent) exceed the assets (balance sheet test). The second is where the company cannot meet its liabilities as they fall due (cash flow or commercial insolvency).

 

To continue reading full articles in PDF format:
Directors’ Duties in Respect of Insolvency

 

Accolades
_

"Few firms can come close to Conyers on one critical metric, and this is the breadth of the client base."
- IFLR1000

Related International Markets

Bermuda


Media Contact

For media enquiries, please contact media@conyersdill.com

Articles

Directors’ Duties in Respect of Insolvency

01 August 2010

Insolvency can be determined by reference to two different tests. The first of these is where the liabilities of the company (both actual and contingent) exceed the assets (balance sheet test). The second is where the company cannot meet its liabilities as they fall due (cash flow or commercial insolvency).

 

To continue reading full articles in PDF format:
Directors’ Duties in Respect of Insolvency