US Edition[Opinion] How to Deal With Your Company's Insolvency Issue
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Opinion on Wednesday Companies are facing a variety of risks in an increasingly volatile world. The current case of a company that had to file for insolvency after a severe cyberattack shows how fatal it can be if risk analysis or insurance cover are insufficient. In a world characterised by uncertainty and change, risk and insurance management must be anchored not only as a protective measure, but as a strategic pillar at the level of the C-lev…
How to Deal With Your Company's Insolvency Issue
There’s no denying that running a business organisation can be costly, so much so that founders and directors would decide to finance their operations and future expansion through third-party loans and other means of borrowing cash. Certainly, this would be a good strategy when things are going well for the company, but in times of financial uncertainty, the dues will pile up, and the company will no longer have the capacity to pay them. Insolve…
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