Company directors generally have a fiduciary duty to creditors to ensure that a company is solvent. Paying a dividend knowing that it would result in the compa

Company directors generally have a fiduciary duty to creditors to ensure that a company is solvent. Paying a dividend knowing that it would result in the company being unable to pay its liabilities is therefore a breach of that fiduciary duty. However, even if there is a contract I bet it allows staff to be made redundant if the company decides not to do something without getting paid out, so that would be a possible loophole.