Letter of advice to a director of a company in financial difficulties | Practical Law

Letter of advice to a director of a company in financial difficulties | Practical Law

A letter of advice from a solicitor to a director of a company in financial difficulties. The letter sets out the director's duties and the potential grounds on which they could face personal civil and criminal liability, under the Companies Act 1993, the Property Law Act 2007 and the Financial Markets Conduct Act 2013. The letter is intended for directors of both unlisted companies and public companies listed on New Zealand's Exchange (NZX).

Letter of advice to a director of a company in financial difficulties

Practical Law ANZ Standard Document w-031-2167 (Approx. 14 pages)

Letter of advice to a director of a company in financial difficulties

by Practical Law New Zealand with assistance from Bevan Peachey, Special Counsel, Russell McVeagh
Law stated as at 14 Dec 2022 • , New Zealand
A letter of advice from a solicitor to a director of a company in financial difficulties. The letter sets out the director's duties and the potential grounds on which they could face personal civil and criminal liability, under the Companies Act 1993, the Property Law Act 2007 and the Financial Markets Conduct Act 2013. The letter is intended for directors of both unlisted companies and public companies listed on New Zealand's Exchange (NZX).