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It is imperative directors understand their duties and
obligations, not only during an insolvency, but prior to the
company's collapse. Even if personal liability is not
established, in cases where there is significant media interest,
such as that of Carillion, the reputational damage caused by
allegations of improper and/or fraudulent actions can be
severe.
Carillion's demise and personal liability for
directors when a company becomes insolvent
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