Singapore, Hong Kong - COVID-19: FAQs on directors’ duties in the context of companies in financial difficulties
Authors:
Sophie Mathur, Robert Elliot, Matthew Middleditch, James Warboys, Terri Poon
Singapore, Hong Kong - COVID-19: FAQs on directors’ duties in the context of companies in financial difficulties
COVID-19 is likely to materially impact the financial position of many companies. It is therefore important for directors to consider whether there are any additional statutory or common law duties that they need to consider in the context of their companies facing financial difficulty.
In this series of FAQs, we consider this issue in the context of private companies from both a Singapore law and Hong Kong law perspective.
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