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.
Paying Dividends – The Consequences of Paying Illegal Dividends
Posted 20th May 2022 by Craig in
Paying Dividends – The Consequences of Paying Illegal Dividends.
Directors’ Dividend payments will be scrutinised for legality by Insolvency Practitioners. This may lead to a Misfeasance Claim with dividends repaid. Tal to us for help and advice.
Read MoreDid you know part of a director’s responsibility is to scrutinise their fellow directors?
Posted 5th July 2021 by Craig in
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 MoreInsolvency Service gets new retrospective powers to investigate directors of dissolved companies and combat Bounce Back Loan Fraud
Posted 19th May 2021 by Craig in
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 MoreBounce 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
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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