This assignment is a study of company directors within the specific context of company insolvency. The essay requires students to provide a written discussion as to the following issues: What are the signs that a company is insolvent, and what actions and proactivity is required of the directors in these circumstances? ï‚· What are the potential liabilities of company directors in the event of a company becoming insolvent? ï‚·
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What are the different avenues available to the company, in particular to the directors, if the company is presumed to be insolvent? ï‚· What is the difference between voluntary and involuntary interventions by different parties concerned by the potential insolvency of the company? ï‚· What might be a good outcome for a company other than being wound up by the creditors, and how might this be achieved? ï‚·
What are the statistics on insolvency regarding Australian companies? ï‚· Are there any topical issues regarding the insolvency of Australian companies? ï‚· What is the role of ASIC and any other statutory authorities regarding an insolvent company? ï‚· Make any appropriate observations regarding insolvency you believe might be relevant as a result of your reading and research. You must refer to any real life situation/s (i.e. case/s) in your essay. Get Business Law homework help today
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