How a Supreme Court ruling could cause surge in claims against directors
Ben Gold, partner in RPC’s professional and financial risk team, explains how a recent Supreme Court case (BTI v Sequana) confirms company directors owe a duty to creditors if the company nears balance sheet or cash flow insolvency.
This ‘creditor duty’ is of increasing significance as insolvencies rise.
On latest government figures, there were 22,109 registered insolvencies in 2022, the highest number since 2009 and 57% higher
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