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A directors duty to comprehend financial statements

I recently briefly read a case about a director trying to claim in the witness box that he couldn’t read a cash flow report prepared by his bookkeeper and therefore couldn’t speak to its accuracy. This being despite the director running a significantly successful business for decades. The Court didn’t believe him. I can’t for…

Voidables timeframe diagram

Ever wondered how far back Liquidators can look to recover transactions from creditors, directors, government departments or other stakeholders? See below for the answer: If you want to find out more about the types of transactions that can be clawed-back, check out the SV Voidables website!! #svvoidables #directors #insolvency