When a business runs into financial trouble, what are directors legally required to do—and what happens if they get it wrong?
In this episode of the R3 Podcast, Frances Coulson unpacks the legal duties of company directors when a business is facing financial distress.
Frances explains directors' responsibilities under the Companies Act, how those duties evolve as insolvency becomes a real possibility, and why the focus shifts towards protecting creditors' interests. She also explores the key claims that can arise during an insolvency, including wrongful trading, preferences, transactions at undervalue, and breaches of directors' duties.
Whether you're a director, insolvency professional, adviser, or simply interested in corporate governance, this episode provides practical insights into one of the most important legal areas businesses can face.
