Advice to Directors
We advise on all aspects of directors' duties and obligations.
What we can do for you.
We regularly advise directors of companies both in relation to their options in the face of insolvency and also in relation to their potential personal liability.
Many companies and their directors will find themselves in a very awkward Twilight Zone sandwiched between rude financial health and insolvency. For the directors personally this can be a very difficult time as they find themselves pulled between the competing interests of the company, its creditors and their own duties and obligations.
If things were not already difficult enough for the directors, they will also need to be aware that their every decision may be minutely scrutinised in the future by vested interests with the benefit of 20:20 hindsight. If ever a director or business leader were to need legal advice, this is the time.
AMB Law has many years’ experience working with the boards of public and private companies and guiding the directors through what is an extremely difficult time. He will work with the directors and the board and help you to liaise with your other advisors, the bank and other stakeholders to ensure that all possible steps are taken to ensure that the directors fulfil their statutory obligations and that the risk of personal liability is kept to a minimum.
In many cases, directors who have not been well advised may find themselves being pursued through the courts either by a liquidator seeking to make them personally liable for the company’s debts of by the Secretary of State seeking a disqualification under the Company Directors’ Disqualification Act 1986. If you are unfortunate enough to find yourself in this position, you must obtain specialist legal advice as soon as you can; we will be happy to assist you.
Let us advise you
We can navigate you through the tough period of insolvency to a successful conclusion. Our clients include SMEs and their directors, banks, building societies, and insolvency professionals.
“Many thanks Alistair; great work. I shall recommend your services whenever possible. It is a pleasure working with you.”Jeremy Beck
“AMB Law are prompt and responsive and they get results. We appreciate their no-nonsense, practical advice.”Gerard Pearce
“Our Board needed practical and pragmatic insolvency advice whilst we were trading through a very tough period. Alistair Bacon provided us with just that - none of the scaremongering that some insolvency lawyers will give you.”Matt Johnston