Christopher Boardman discusses the judgment in Ralls Builders Ltd (No 2) with Lexis PSL and explains how this case is an example of the problems and difficult decisions directors of insolvent companies face when considering how to properly conduct themselves and avoid potential liabilities.

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This article was first published on Lexis®PSL Restructuring and Insolvency analysis on 8 August 2016.  Click for a free trial of Lexis®PSL.