Generally speaking, wrongful trading is the special form of liability where a director of a company is liable for damages towards the creditors for the mismanagement of an insolvent company. A special feature of the wrongful trading concept is that it may give rise not only to the liability of the director of the company […]
In the coming months, many companies will face indebtedness and liquidity problems that can be alleviated by acting prudently. It is important to address indebtedness and the resulting liquidity problems at the earliest possible stage. Otherwise, they may deepen and become insurmountable, when it may no longer be possible to return from bankruptcy, writes our […]
The more time passes, the more the issue of debt collection becomes relevant. In general, even force majeure does not release the debtor from his financial obligation. What to do in case the debtor fails to pay explain our senior associate Mari Karja and legal assistant Polina Tšernjak. Read more in Estonian.
