The one where….Gibraltar’s Chief Minister cites you in Parliament.

Even before the announcement of these legislative changes, it has not been law in Gibraltar that a company could not trade whilst insolvent but the consequences for directors if they did was personal and criminal liability and as a result directors would have unlikely taken such risk. What the temporary regime will do is remove (or suspend) this to allow directors to navigate the extremely complex and challenging period we face, saving jobs and allowing continued economic activity, rather than the value and wealth destruction as well as job losses that arises from a liquidation / bankruptcy. This could include the incurrence of new liabilities notwithstanding insolvency since the risk of personal liability attaching to directors is suspended provided the business and actions of the directors are within the scope of the temporary regime. Abusive action by directors would not be protected. www.linkedin.com/...