Directors and their powers and duties - Directors' duties
138B: Safe harbour for directors relating to effects of COVID-19
You could also call this:
“Protection for company directors during COVID-19 has ended”
There was a special rule called ‘Safe harbour for directors relating to effects of COVID-19’ that was part of the Companies Act 1993. This rule was about the duties of directors. However, this rule no longer exists. It was removed from the law on 31 May 2022. This means that directors can’t use this rule anymore when making decisions about their company.
