Article 19 — Duties of directors where there is a likelihood of insolvency
Member States shall ensure that, where there is a likelihood of insolvency, directors, have due regard, as a minimum, to the following:
- the interests of creditors, equity holders and other stakeholders;
- the need to take steps to avoid insolvency; and
- the need to avoid deliberate or grossly negligent conduct that threatens the viability of the business.