Multinational boards are facing a major dilemma in response to COVID and its impact on their business forecasting. Many companies are facing insolvency and are left to decide how to approach bankruptcy proceedings. We’re...more
8/28/2020
/ Board Meetings ,
Board of Directors ,
Breach of Duty ,
Commercial Bankruptcy ,
Coronavirus/COVID-19 ,
Corporate Governance ,
Corporate Officers ,
Criminal Liability ,
Economic Downturn ,
Fiduciary Duty ,
Financial Adviser ,
Financial Distress ,
Insolvency ,
Multinationals
A bankruptcy court in Pennsylvania recently held that trade creditors who supplied goods to a debtor prior to its bankruptcy filing were not entitled to administrative priority status under Bankruptcy Code section 503(b)(9)...more