+Article 19 Duties of directors where there is a likelihood of insolvency
---+Article 19 (a)
---+Article 19 (b)
---+Article 19 (c)

Article 19 Duties of directors where there is a likelihood of insolvency

Member States shall ensure that, where there is a likelihood of insolvency, directors, have due regard, as a minimum, to the following:

1. Overview

,
Article 19 (a)

the interests of creditors, equity holders and other stakeholders;
Article 19 (b)

the need to take steps to avoid insolvency; and
Article 19 (c)

the need to avoid deliberate or grossly negligent conduct that threatens the viability of the business.

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards