What duties and potential liabilities should the directors/managers have regard to when managing a company in financial difficulties? Is there a specific point at which a company must enter a restructuring or insolvency process? What are the criteria for entry into each restructuring procedure? Or, what impact does each restructuring procedure have on existing contracts?
Job van Hooff and Daisy Nijkamp provide answers to these and other questions to consider when a company is in financial difficulties, restructuring options, insolvency procedures and legislative developments.
Read the full publication of Job van Hooff and Daisy Nijkamp on the website of the ICLG (International Comparative Legal Guides).