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Directors Duties and Insolvency - Are your Clients Failing to Meet their Obligations?

Published on 11 Jun 2009 | Took place at City West Receptions, West Perth, WA

This event was aimed at accountants and lawyers who need a refresher on the duties of directors and the fundamental issues facing directors and advisers regarding corporate insolvency and require an overview of the recent developments in these areas.

Company Directors operate in a highly regulated environment, with both the Corporations Act and the Income Tax Assessment Acts imposing strict duties on them. Further recent economic turmoil means a number of companies may be facing difficulties currently or in the near future.

This seminar covered two topics that all advisers need to aware of, if they are to give their clients a better understanding of their duties and obligations in a difficult economic climate.

Get a 20% discount when you buy all the items from this event.

Individual sessions

Directors’ duties - The basics

Author(s):  Justin HARRIS

This paper covers:

  • why directors' duties?
  • who is a director?
  • the position of officers
  • to whom the duty is owed
  • the sources of the duties
  • why duties?
  • the duty of good faith
  • other ‘fiduciary' duties
  • the duty of care and diligence
  • additional duties
  • what happens when it goes wrong?
Materials from this session:

Directors’ personal liability issues in corporate insolvency

Author(s):  Simon THEOBALD

This paper covers:

  • insolvency - the legal framework
  • insolvent trading - Directors' duties
  • liability for insolvent trading
  • defences to insolvent trading claims
  • water wheel case - lessons learned
  • insolvency and the ATO.
Materials from this session: