A nominee director of a corporation appointed by one of its creditors may encounter risk of liability where that creditor is engaged with the corporation in efforts to restructure its debt. Steps can be taken to minimize the risk of such liability.
Nominee Directors in Canada
Canada, Insolvency & Restructuring, Real Estate, Osler Hoskin & Harcourt LLP, Conflict of interest, Share (finance), Confidentiality, Debtor, Fiduciary, Board of directors, Interest, Debt, Non-disclosure agreement, Debt restructuring