Do company directors owe a ‘creditor duty’ when a company is nearing insolvency?

The Supreme Court, in a key judgment handed down on 5 October 2022 (BTI 2014 LLC v Sequana SA and others [2022] UKSC 25), has provided some important clarification around the scope of directors’ duties in the context of companies that are nearing insolvency.

Factual background

Filed under:
United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Collyer Bristow LLP, Insolvency, Supreme Court of the United States, UK Supreme Court
Authors:
Robin Henry , Rhiannon Thompson
Location:
United Kingdom
Firm:
Collyer Bristow LLP