Directors’ Duties in the Zone of Insolvency: The Offshore Impact of Sequana

After much anticipation, the UK Supreme Court has handed down its judgment in BTI 2014 LLC v Sequana S.A. [2022] UKSC 25 - and has authoritatively set the baseline for how directors’ duties evolve as regards shareholders and creditors’ interests when a company is in the zone of insolvency.

Background

Filed under:
Bermuda, British Virgin Islands, Cayman Islands, Guernsey, Ireland, Jersey, United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Walkers, Insolvency, UK Supreme Court
Authors:
Kevin Taylor , Rosalind Nicholson , Harriet Ter-Berg , Luke Petith , Adam Cole , Colette Wilkins , William Greensmyth , Keith Hyland , Richard Holden , Alex Schluep , Andrew Chissick , Adam Hinks
Location:
Bermuda, British Virgin Islands, Cayman Islands, Guernsey, Ireland, Jersey, United Kingdom
Firm:
Walkers