Restructuring and employment aspects of Insolvency

The discussion unveils the rising trend of company insolvencies, linking it to Brexit and inflation. Key steps for directors during financial struggles are highlighted, emphasizing the need for expert advice. A landmark Supreme Court case clarifies administrator liability, shedding light on their responsibilities. The challenges of balancing employee rights with creditor interests during insolvency are explored. Finally, the importance of early legal counsel is stressed to mitigate personal liabilities for directors and support businesses in distress.