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
United Kingdom, Company & Commercial, Insolvency & Restructuring, Litigation, Collyer Bristow LLP, Insolvency, Supreme Court of the United States, UK Supreme Court