It must always be kept in mind that if your business is struggling and might be facing insolvency, then the Directors’ obligation is to act in the best interest of the creditors and not of the shareholders.

In such a case, it may be necessary to consider rearranging the assets or liabilities of the business, discontinue a line of business, significantly change the size and scope of the business’ operations, make extensive employee cutbacks or manage a business transition.

Whatever the difficulty, our Corporate solicitors can assist you in making the best choices - by offering our expert knowledge of all the legal requirements and focusing on the most effective solution to face and then overcome your business concerns.

For more information about this please contact Graham Mott on gm@wdavies.com or James Thorne on jt@wdavies.com