Directors’ duties of financially distressed companies in the time of COVID-19

• Main Author: Aurelio GURREA-MARTINEZ
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2020
• Subjects: Board of directors; Corporate insolvency; Covid19; Dissolution; winding-up; Business Organizations Law; Commercial Law; Public Health
• Online Access: https://ink.library.smu.edu.sg/sol_research/3682; https://ink.library.smu.edu.sg/context/sol_research/article/5640/viewcontent/directors.pdf
• Institution: Singapore Management University

Unlike other jurisdictions around the world, several European countries require corporate directors to file for bankruptcy once a company becomes insolvent. For instance, under German law, corporate directors are required to file for bankruptcy within three weeks since they know, or ought to have kn...