A director of a company must not –
1. Agree to the business of the company being carried on in a manner likely to create a substantial risk of serious loss to the company's creditors; or
2. Cause or allow the business of the company to be carried on in a manner likely to create a substantial risk of serious loss to the company's creditors.
However
‘there is no obligation on directors to immediately cease trading as soon as the company becomes insolvent’.
Pretty weird.
