Directors' duties and the effect of suspending wrongful trading obligations
On Wednesday 20 May, the Department for Business, Energy and Industrial Strategy (BEIS) introduced the new Corporate Insolvency and Governance Bill.
In light of the significant impact COVID-19 is having on the economy, this Bill aims to relieve the burden on businesses during the coronavirus (COVID-19) outbreak and allow them to focus all their efforts on continuing to operate. But will this have the intended effect? What does this mean for directors?
Blake Morgan and Griffins experts came together to share their views on what impact this new Bill will have, what options are available to businesses and provided helpful support and tips during this challenging time.
Other topics included:
- Directors duties during COVID-19
- What effect the suspension of wrongful trading obligations might have
- What tools are available to help businesses survive
The interactive discussion was chaired by Chris Potts, Commercial Litigation Partner, and the panel included Stephen Hunt – Insolvency Practitioner and Partner at Griffins, Katie James – Insolvency Partner at Blake Morgan and Trevor Slack – Forensics Partner at Griffins.
Please click on the ‘Download the recording here‘ button to register your details.
Chris leads the Commercial Litigation team in the Thames Valley and London. He handles complex commercial and corporate disputes, often in multiple jurisdictions. His practice includes substantial fraud/breach of duty claims.
Insolvency Practitioner and Partner at Griffins
Stephen is best known for his work on contentious and complex insolvencies. This has involved a great deal of litigation of insolvency-based claims in the UK and abroad. Griffins are on the panel of Proceeds of Crime Act receivers and Stephen takes a leading part in that work.
Katie is an experienced insolvency lawyer, and partner, always aiming to maximise recoveries for her clients. Katie has worked in all areas of insolvency, including formal processes such as administration, liquidation, receivership and bankruptcy as well as in less formal distressed situations.
Forensics Partner at Griffins
Trevor is a valuation expert and forensic accountant. His work is focused on international arbitration and litigation support, and he has more than 20 years of experience in the both the United Kingdom and Australia.
Thursday, 4 June 2020
11.00 am – 12.00 noon