These UK Solicitors Are Helping Company Directors Navigate CIGA Restrictions

Oct 26, 2021

Hallmark Solicitors has the guide company directors and their boards need to ensure high level of compliance statutory duties and obligations. Contact the law firm at 0800 037 1305 to find out more!

Are you the director of a company? Have you thought about what happens after the Corporate Insolvency and Governance Act 2020 extension ends? If you answered yes to any of these questions, Hallmark Solicitors has the legal counsel you need!

The law firm has released a new article outlining compliance considerations for corporate directors under the Corporate Insolvency and Governance Act 2020. The team of solicitors specialise in commercial legal services for companies based in the United Kingdom.

Read the article here:https://hallmarksolicitors.co.uk/legal-insights/directors-legal-brief-director-beware/!

This latest guidance is aimed at providing boards of directors high-quality but practical guidance to understand what considerations and steps to be taken in order to avoid accusations of wrongful and/or fraudulent trading which can result in personal liability or breach of directors duties.

The UK Government passed the Corporate Insolvency and Governance Act (CIGA) on June 26, 2020, to introduce several measures to English restructuring and insolvency law. These measures include legal restrictions that protect company directors from wrongful trading and liability claims during the pandemic.

If you're a company director, Hallmark Solicitors’ new guide: Director Beware will help you get your affairs in order to avoid finding yourself in legal difficulty once the CIGA restrictions end. The firm advises that Boards need to take vigorous steps now to monitor their companies' trading position in order to ensure they won't be found on the other end of wrongful trading charge.

The guide provides a comprehensive outline of 10 important legal considerations for directors and company boards. It also advises you to seek professional advice and guidance early in order to fully understand your position.

The solicitors specialise in providing company directors and in house counsel with practical as well as technical support needed to navigate all potential liabilities. They are dedicated to giving companies efficient and proactive advice and assistance on all aspects company commercial, corporate restructuring as well as insolvency and business rescue matters.

Visit the firm’s website to book a complimentary telephone consultation with the Hallmark Solicitors' team of legal experts today - https://hallmarksolicitors.co.uk/! You can also find articles and resources regarding CIGA on the page - https://hallmarksolicitors.co.uk/legal-insights/directors-legal-brief-director-beware/.

This update is in line with their commitment to providing corporate clients with the highest standard of commercial and corporate legal services needed to ensure the smooth running of their operations. Moreover, the legal team has developed a strong reputation for its high-quality services and level of client care.

One satisfied client said: “Hallmark Solicitors have been very professional and helpful. They have kept us up to date with progress well and explained all the information in a way that was easy to understand.”

Act now to make sure you're complying with the law! Contact Hallmark Solicitors to find out how they can help!

Hallmark Solicitors are able to assist company directors and boards eliminate or reduce the risk of breach of directors duties and as well as personal liability! Read the article here: https://hallmarksolicitors.co.uk/legal-insights/directors-legal-brief-director-beware/ and get the guidance required to ensure maximum compliance.

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