Safe Harbour from Insolvent Trading

In this brief video, Principal Ben Sewell outlines what the safe harbour is, how it fits into the legislative framework and how to obtain the safe harbour protections. Please note this video was filmed in July 2020, before the COVID-19 temporary safe harbour’s operation was extended to 31 December 2020.

Safe Harbour explanation video

The safe harbour is a carve-out to the duty of company directors to cease trading when a company is insolvent. It is a pro-business mechanism that helps companies stay afloat by giving directors protection from prosecution for insolvent trading while they work on a restructure. Read our guide to the safe harbour to find out more about this potential lifeline for insolvent companies.

Safe Harbour from Insolvent Trading

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