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'Several potential liabilities arise for directors when company gets into financial difficulties.' How is this statement relevant to companies' directors' duties under the Corporations Act,

'Several potential liabilities arise for directors when company gets into financial difficulties.' How is this statement relevant to companies' directors' duties under the Corporations Act, 2001.Explain, along with relevant examples, case law and sections from the Corporations Act, 2001directors' duties during insolvency, its scope and defences to the contravention of these duties.

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