Lawyer Monthly - November 2023

In this edition, our special feature topic focuses on trading while Insolvent. In the challenging and tumultuous world of business, companies can sometimes find themselves on shaky financial ground. But when does financial difficulty translate into insolvency? And more importantly, what does this mean for company directors who continue to trade in such circumstances? Trading while insolvent isn't just a complex financial situation; it's a legal minefield that directors need to be acutely aware of. This article dives deep into the intricacies of trading while insolvent, illuminating the responsibilities, potential consequences, and pivotal actions directors must take to safeguard both the company and themselves. Whether you're a seasoned business leader or a fledgling director, understanding the nuances of insolvency is paramount. Let's embark on this journey of financial clarity and legal insight. SPECIAL FEAT URE

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