This is the Directors’ Duties News section

On this page, you will find news about what’s happening in the area of Directors’ Duties.

In the meantime, if you need our help and advice in this or any of our specialist insolvency areas, please contact us or call 0208 088 0633, for a FREE initial discussion.

Did you know part of a director’s responsibility is to scrutinise their fellow directors?

Posted 5th July 2021 by Craig in

Directors responsibilities

Did you know part of a director’s responsibility is to scrutinise their fellow directors?

Case Study: agreeing that one director is the ‘lead’ for a company’s financial affairs does not remove the other directors from responsibility.

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Insolvency Service gets new retrospective powers to investigate directors of dissolved companies and combat Bounce Back Loan Fraud

Posted 19th May 2021 by Craig in

Director Disqualification

Insolvency Service gets new retrospective powers to investigate directors of dissolved companies and combat Bounce Back Loan Fraud.

This is the first piece of legislation in this area following the 2021 Budget. Director Disqualification might be an outcome.

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Bounce Back Loans – The time has come to repay them. First letters being sent out NOW asking for repayment in May 2021

Posted 30th April 2021 by Craig in

Insolvency

Bounce back loans are now due and could cause insolvency

Will directors of businesses that face insolvency & cannot repay BBLs automatically face personal liability & director disqualification?

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Directors Beware – The Suspension of Wrongful Trading ended on 30th September

Posted 29th October 2020 by Craig in

Wrongful trading

Directors Beware – The Suspension of Wrongful Trading has ended

The suspension of Wrongful Trading ended on 30th September. What does this mean for directors if their business becomes insolvent? What should they do?

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