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.
While the FAQs have been prepared primarily from a Singapore law and Hong Kong law perspective, some of the general principles should be equally applicable to directors of other common law jurisdictions. If you require further advice, please do not hesitate to reach out to your usual Linklaters contact or the contacts set out in this publication.