82. Lets make a Deal

In ep 82, "Let's do a Deal" Chris Baskerville talks us through the intricacies of making deals and settlements in the context of business insolvency and litigation.Chris explains why most legal matters are settled before going to trial, although where does court-ordered mediation fit in? How does it help resolving disputes avs going all in and taking on the the risks and costs associated with prolonged litigation?Chris shares a specific case involving a construction company. The directors transferred significant funds to a new company just before declaring insolvency, which led to a thorough investigation and the use of public examinations to hold the directors accountable.Directors need to be mindful of their options -  and the potential consequences when approaching disputes and negotiating settlements. Get legal advice! Accountants and business owners should listen to this episode to learn how Chris and his team track transactions and keep directors accountable.