Safe Harbour is a vital lifeline for struggling companies, but caution is key to avoid pitfalls. Benefits include liability protection, independent assessment, and novel restructuring options. Trusted advisers and timely stakeholder engagement are crucial.
Safe Harbour aims to encourage directors to take reasonable risks to save a company from financial distress without exposing themselves to personal liability for insolvent trading.
Highly effective companies entrench habits that enable them to capitalise on opportunities during favourable market conditions and mitigate risks in poor market conditions.
