Book review: Directors and Creditors – Law and Liability

Few recent decisions have attracted as much attention as BTI 2014 LLC v Sequana SA, which clarified when directors must take creditors’ interests into account, confirming that this duty arises when a company is insolvent, bordering on insolvency, or when insolvency has become probable. It is therefore no surprise that Directors and Creditors: Law and Liability uses the judgment as the foundation for its discussion of directors’ duties and creditor protection. As the introduction explains, this is far more than a commentary on Sequana. Rather, it uses the judgment as a springboard to…