In a (strawberry) jam: Directors’ personal liability for insolvent trading

Masi Zaki and Tara Peramatukorn of Bird & Bird share that the Supreme Court of Queensland held a strawberry farm director personally liable for more than $1.1 million in insolvent trading despite partial protection under the COVID-19 safe harbour provisions, confirming that creditors may bring such claims directly and that seasonal trading fluctuations or external market pressures do not relieve directors of their continuous duty not to incur debts while insolvent.

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