Practical Guidance for Small Companies
The large majority of New Zealand companies are small, owner-managed businesses, where directors must take difficult decisions quickly when cash flow tightens and the creditors begin to press. This webinar will provide practical guidance on the core duties of directors, with particular focus on the steps to take when a company is in financial distress: obtaining reliable financial information and advice; documenting decisions; managing creditor interest; assessing whether the business can safely continue trading.
It will consider the lessons of recent leading cases and the practical options available before formal insolvency becomes unavoidable.
Details coming soon.