Directors’ duties in uncertain financial times – Updated guidance

01/04/2021

ARITA has updated its information sheet for directors whose companies are in financial distress.

The end of JobKeeper signals another significant period of uncertainty for directors, and ARITA’s guidance gives an overview of:

• Directors’ duties when a company is financially distressed
• Determining if a company is insolvent.
• The safe harbour protections.
• Where to get expert advice.

Please share this information sheet with your clients and referrers.