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Directors’ Declarations of Solvency: Proceed with Care

Director Factsheets

This Director Factsheet is courtesy of McCann FitzGerald

A 2018 judgment by the UK High Court highlighted the potential risks for directors in making a solvency statement about a company without having made a full inquiry into its affairs. This briefing looks at issues a director should consider before making the equivalent Irish-law declaration of solvency as part of the summary approval procedure.