Duties and Liabilities of Directors in Insolvency Proceedings in Spain
During times of crisis, where there is no chance of refinancing a company’s debt, the board of directors must initiate insolvency proceedings. We are going to focus on the duties of directors of an insolvent company. Directors of a company have a duty to act with honesty, diligence and prudence, the so-called duty of care. Directors will be held […]
