COMPANY LAW - 21.10.2020
New company rescue procedure up and running
One of the measures introduced by the Corporate Insolvency and Governance Act 2020 was a new reconstruction plan to help companies survive the financial impact of the pandemic. The first such plan has recently been considered by the court. When can a reconstruction plan be proposed and what’s involved?
COMPANY LAW - 08.09.2020
Benefit from a compensation order?
A disqualified director was ordered to pay over £500,000 to his company’s creditors, in the first compensation order case brought to court since the regime was introduced in 2015. When can compensation orders be made, and why has it taken so long for the power to be exercised?
COMPANY LAW - 03.02.2020
Do you have a conflict of interest?
Directors can be allowed to act even if they have a conflict of interest, but the correct procedures must be followed. It’s important to get this right, as transactions can be overturned and directors held personally liable. So what do you need to know about conflicts of interest?
DIRECTORS - 21.01.2020
Imprisonment and disqualification for rogue director
One disqualification order would be enough to make most people seek a different profession or play by the rules in future. However, some rogue directors never learn, as a recent Insolvency Service prosecution illustrates. Why was this director imprisoned and disqualified all over again?