As the country recovers from the worst of the pandemic into a post-Brexit world where labour is in short supply, energy prices are crippling for businesses and consumers alike, and inflation is at its highest level for over forty years, it is widely predicted that the country is heading for a recession of some kind. Corporate failures have already seen a sharp upturn and therefore, against this backdrop, it is more important than ever that directors are aware of their duties to their company and its creditors in order to avoid the risk of personal liability…
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