August

A timely reminder for directors: when insolvency rears its head…

In a relatively recent wrongful trading claim brought by liquidators, the directors in question were not ordered to make any contribution to the company, as the company was found to have suffered no loss. This was a lucky escape for the directors on the facts. (Re Ralls Builders Ltd (in liquidation) [2016] EWHC 243 (Ch)). Other directors have not been, and may not in the future be, so lucky.

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