In recent days, we have received many questions about bankruptcies, directors' liability and other risks as liquidity problems arise or threaten to arise due to the coronavirus situation.
To answer the impact of a possible bankruptcy for shareholders/directors, we always - especially now given this crisis - make an impact analysis for companies so that shareholders/directors are aware of the risks in case of bankruptcy.
Bankruptcy may be inevitable, but knowing the legal position of the shareholders/directors is certainly of added value. An impact analysis can run concurrently with the possible use of liquidity that may ultimately prevent bankruptcy.