Insights / Covid-19: Navigating virtual shareholders' meetings in the UK
The Corporate Insolvency and Governance Act 2020 (Act), which came into force in June 2020, introduced measures to relieve the burden on companies during the coronavirus (Covid-19) outbreak. For a temporary period, which has been extended until 30 December 2020, companies are able to convene meetings in a flexible way through using a range of technologies. This has temporarily suspended shareholders’ ability to attend meetings in person.
News / Guidance for directors navigating the twilight zone of insolvency
BTI 2014 LLC v Sequana and Ors.  EWCA Civ 112 The Court of Appeal has provided important guidance for directors navigating the zone of insolvency and trying to balance their duties to shareholders and creditors alike. The Court upheld the decision of Rose J in the High Court that the creditors' interest duty is triggered when the directors know or should know that the company is or is likely to become insolvent, and in interpreting this, 'likely' means probable.