Cap. 631 Art. 5Duties of officials of the debtor to monitor early warning signs of insolvency.

The officials of the debtor shall, by reference to early warning tools and any other information reasonably available to them, continuously monitor developments that may expose the debtor to a likelihood of insolvency and, where such developments are identified, take appropriate countermeasures with a view to preventing insolvency and ensuring business viability:

Provided that this article shall not prejudice the provisions of any other law intended to regulate the conduct of the officials of the debtor including but not limited to instances where they knew, or should have known, that there were no reasonable prospects of avoiding the insolvency of the debtor.