Do any other parties need to be informed?

Whether you need to notify entities other than public authorities and your customers or suppliers will depend heavily on your contractual obligations. Some of the issues you will need to consider may include:

  • are you subject to any contractual obligations to notify?
  • do your contracts/duties to employees, customers or suppliers oblige you to notify them?
  • do other group companies have separate relationships with affected parties? Should they be notified?