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Directors of BVI companies: to whom do you owe duties if your company is experiencing financial stress?

Introduction

British Virgin Islands, Company & Commercial, Insolvency & Restructuring, Litigation, Ogier, Supply chain, Coronavirus
Insolvency reform: more equity for directors and less equity for shareholders?

Summary

In an exciting week for insolvency, the Minister for Financial Services, Superannuation and Corporate Law has released a package of reforms to Australia’s corporate insolvency laws. This reform package includes:

Australia, Insolvency & Restructuring, Norton Rose Fulbright, Shareholder, Unsecured debt, Class action, Debt, Duty of care, Moratorium, Business judgement rule, Corporations Act 2001 (Australia)