In a much anticipated and long-awaited decision, the Court of Appeal in BTI 2014 LLC v Sequana SA has cast its magnifying glass over breach of duty claims under section 172 Companies Act 2006 and limited the circumstances in which claims can be brought against directors. The case concerned the declaration of a dividend of […]
Category Archives: Directors Disqualification and Defence
Do you run the risk of trading under a prohibited name after liquidation?
If you have acted as a director of a company that goes into insolvent liquidation (the “liquidated company”) at any time in the 12 months prior to the liquidation, then you will need to be aware of Section 216 of the Insolvency Act 1986. That section prohibits you from acting as a director of a […]
Carillion – a fair trial for the directors?
Parliament has decided that Carillion’s board of directors were culpable for its failure. MP’s are calling for the disqualification of the board from acting as directors in the future – Judge, Jury and Executioner. Read the full article on the BBC News website. The directors of Carillion are accused of driving the company off […]