Directors & Insolvency - Recent Developments in Irish Corporate Recovery

Introduction

Directors need to understand their obligations and responsibilities where the company is insolvent or in financial difficulties due to the spectre of personal liability for the debts of the company.

It is therefore crucial that company directors understand the corporate recovery mechanisms available to them and the company and how to use them.

This new virtual classroom seminar will provide a detailed insight into the latest developments in Irish corporate recovery from the perspective of directors of companies in insolvency or financial difficulty.

The session is suitable for all corporate and commercial law practitioners who need to advise their director clients on directors’ duties during insolvency and financial difficulties and the corporate rescue mechanisms available to them.

What You Will Learn

This live and interactive course will cover the following:

• The duties of directors arising when the company is in the so-called ‘twilight zone’, i.e. where there are questions as to the company’s ability to trade on a solvent basis
• Unfair Preferences and recent changes affecting them
• Fraudulent dispositions of property and recent changes affecting them
• The invalidity of certain charges on insolvency
• Reckless and fraudulent trading and recent changes affecting them
• Contribution Orders and recent changes affecting them
• Informal rescue procedures
• The current status of examinership
• The current status of schemes of arrangement
• The current status of the Small Companies Administrative Rescue Process (‘SCARP’)

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.