A March 8 2016 decision of the influential Bankruptcy Court for the Southern District of New York has attracted attention from – and caused concern for – owners of pipelines and other midstream assets, as well as lenders to midstream and upstream lenders across the United States.
USA, New York, Energy & Natural Resources, Insolvency & Restructuring, Litigation, Norton Rose Fulbright
The following is a broad overview of the duties and liabilities of directors when their company is in financial difficulties. It is a general guide only and there will be variations according to the specific laws in each jurisdiction.
United Kingdom, Company & Commercial, Insolvency & Restructuring, Norton Rose Fulbright, Public company, Confidentiality, Shareholder, Breach of contract, Fraud, Fiduciary, Board of directors, Debt, Liability (financial accounting), Liquidation, Good faith, Balance sheet, Cashflow, Liquidator (law)