Tag: director’s duties
Insolvent Trading
What is insolvent trading? Insolvent trading is an offence under the s588G of the Corporations Act 2001 that says that if a company is insolvent and a director allows the company to incur a new debt, then the director can be personally liable for the new debt incurred. The offence makes directors responsible for ensuring…
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- Insolvency
Breach of Director’s Duties
Many client’s seek our advice about director’s duties and corporate governance. Typically the issues we see range from director disagreements to more serious issues such as has a director breached their fiduciary and statutory director’s duties imposed on them by the Corporations Act 2001 or under the common law (judge made law) or some other document which…
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- commercial law