This is the Directors’ Duties News section
On this page, you will find news about what’s happening in the area of Directors’ Duties.
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.Read More
Insolvency Service gets new retrospective powers to investigate directors of dissolved companies and combat Bounce Back Loan Fraud
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.Read More
Bounce Back Loans – The time has come to repay them. First letters being sent out NOW asking for repayment in May 2021
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?Read More
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?Read More